Industry News

D.C. has highest percentage of interest-only home loans

More than half of mortgages for first half of 2005 were interest-only in D.C.
Published on Nov 22, 2005

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by CareyBot

The use of interest-only loans for home purchases was unheard of just a few years ago, but in the last year these loans have exploded, giving many home buyers leverage against escalating home prices and enabling them to buy homes. ...