, Columnist
Fannie Mae and Freddie Mac Make the 30-Year Mortgage Possible
Why would the federal government try to privatize the companies if they’re doing their job now?
The American Dream.
Photographer: Jay LaPrete/BloombergThis article is for subscribers only.
Thirty years is a very long time.
Over three decades, economic conditions will change and change again. And so, in all likelihood, will a person’s circumstances. You might buy a house and then, a decade later, lose your job. Or you might gain a windfall and decide to move to a bigger, better home. Who can know what’s in store over that span of time?