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Resource ID: #23267
Subject: Housing
Source: Dispatch (Columbus, Ohio)
Affiliation: 
Date: 2/19/07

Description

An examination of federal data shows that in 2004, "people in rural areas were much likelier to sign mortgages with high interest rates, generally above 5 percent for a conventional loan at the time." These high-rate mortgages have led to a rise in foreclosures and bankruptcy for some families.

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