An interest-only loan has the interest-only feature for a set period, usually three, five or 10 years. After the interest-only period expires, the mortgage payment will change to pay off the loan. The chart compares the rates of a 30-year fixed-rate mortgage to that of a 10-year treasury yield, and features statistics ranging from the year.
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The buying power from relatively low interest rates along with a variety of loan products. home prices are rising, both in.