All posts by Michael J. Highfield
A brief history of the mortgage, from its roots in ancient Rome to the English ‘dead pledge’ and its rebirth in America
This article is republished from The Conversation under a Creative Commons license. Read the original article here. The average interest rate for a new U.S. 30-year fixed-rate mortgage topped 7% in late October 2022 for the first time in more than two decades. It’s a sharp increase from one year earlier, when lenders were charging…