Why is the 15-year mortgage attractive to homeowners? Is the interest rate risk to the financial institution

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Why is the 15-year mortgage attractive to homeowners? Is the interest rate risk to the financial institution higher for a 15-year or a 30-year mortgage? Why?

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Financial Markets and Institutions

ISBN: 978-1337099745

12th edition

Authors: Jeff Madura

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Question Posted: Oct 31, 2017 07:53 AM

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Why is the 15-year mortgage attractive to homeowners? Is the interest rate risk to the financial institution

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The 15year mortgage is popular because of the potential ...View the full answer

Financial Markets and Institutions

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