"In 2001 just 1.6% of all new mortgages were interest only. But by last year (2004) a stunning 31% were. If there’s any sign that a downturn could get loads of folks in financial trouble, …that’s it. Fortune Magazine, May, 2005.
"In 2001 just 1.6% of all new mortgages were interest only. But by last year (2004) a stunning 31% were. If there’s any sign that a downturn could get loads of folks in financial trouble, …that’s it. Fortune Magazine, May, 2005.