Metropolitan Digital

Men's Weekly


.

A brief history of the mortgage, from its roots in ancient Rome to the English 'dead pledge' and its rebirth in America

  • Written by Michael J. Highfield, Professor of Finance and Warren Chair of Real Estate Finance, Mississippi State University
A brief history of the mortgage, from its roots in ancient Rome to the English 'dead pledge' and its rebirth in AmericaMortgages can haunt homeowners.GraphicaArtis/Getty Images

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 homebuyers only 3.09% for the same kind of loan.

Several factors,...

Read more: A brief history of the mortgage, from its roots in ancient Rome to the English 'dead pledge' and...

More Articles ...

  1. Mass migration from Twitter is likely to be an uphill battle – just ask ex-Tumblr users
  2. Fed faces twin threats of recession and financial crisis as its inflation fight raises risks of both
  3. What to do if your vote is challenged on Election Day
  4. Guns at voting sites have long sparked fears of intimidation and violence – yet few states ban their presence
  5. Women get fewer chances to speak on CNN, Fox News and MSNBC, according to an AI-powered, large-scale analysis of interruptions
  6. A new wave of celebrity politicians breaks the rules on acceptable behavior, inspired by Trump
  7. Talk of 'Christian nationalism' is getting a lot louder – but what does the term really mean?
  8. Water was both essential and a barrier to early life on Earth – microdroplets are one potential solution to this paradox
  9. Cannabis holds promise for pain management, reducing the need for opioid painkillers – a neuropharmacology expert explains how
  10. Parents have very warm feelings toward other parents – here’s why that could be bad news for the child-free
Metropolitan republishes selected articles from The Conversation USA with permission

Visit The Conversation to see more