Popularity of 15-Year Mortgage Jumped In 2002, Year-End GSE Numbers Reveal
March 7, 2003
While 2002 was definitely the year of the refi mortgage, it was also a big year for the 15-year variation of that loan. Year-end numbers from Fannie Mae and Freddie Mac suggest that the 15-year share of total mortgage originations last year climbed to the highest level in recent history. In Fannie’s case, the 15-year share of total mortgage purchases jumped from 10 percent