More Home Buyers Get Interest-Only Loans
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From Bloomberg News
U.S. home buyers chose interest-only loans, which initially require no repayment of principal, for almost a quarter of all mortgages in the first half of 2005.
The share of interest-only loans grew to 23% of all home mortgages from 17% a year earlier, according to a report issued by the Mortgage Bankers Assn.
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