It’s a big purchase

Neil Irwin

It’s a big purchase, so why not invest some time in basic financial analysis

Article

Staff Writer at The Washington Post The Federal Reserve chairman, who bought a rowhouse on Capitol Hill in 2004 using an adjustable-rate mortgage, saw his payments surge in 2009. He refinanced late last year into a 30-year fixed-rate mortgage, for “a little over 5 percent,” as he told Time magazine.
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