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	<title>Loans Learning Center &#187; Minutes</title>
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		<title>Mortgage Security not That Costly</title>
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		<pubDate>Thu, 09 Jul 2009 09:16:22 +0000</pubDate>
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				<category><![CDATA[mortgage]]></category>
		<category><![CDATA[60]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Minutes]]></category>
		<category><![CDATA[Peley]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[Scott]]></category>
		<category><![CDATA[U.S.]]></category>

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Forget everything you thought you knew about the benefits of taking a variable-rate mortgage instead of locking in for the long term.
A new study suggests the security of a five-year mortgage costs little or nothing beyond a riskier variable-rate mortgage, providing you get a jumbo-sized rate discount.
&#8220;Interest costs on discounted closed five-year mortgages have been [...]]]></description>
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