Monday, March 28, 2005

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Interesting article describing how the U.K. government is trying, with little success, to get more homeowners to take fixed-rate mortgages. Apparently over there even five years is considered a long time for a fixed-rate, and 25 years is almost unheard-of. What a difference! Over here, ARMs (the A is for adjustable) are common enough, but still the minority. The 7-year-fixed/23-year adjustable hybrid is still referred to as an ARM. And, of course, the 30-year fixed is the normative gold standard. 7:40:13 AM    comment []

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Here's the income demographic statistic I would like to see: the relative earnings of males who have taken 5 years off to stay at home with their children, vs. females who have done the same. 6:37:44 AM    comment []