Adjustable-Rate Mortgage

Wharton School Real Estate Expert, Genworth Financial Launch ‘U.S. Mortgage Payment Index’ 

Mortgage professionals and consumers should take a look at more traditional financing tools in today’s turbulent housing market, according to Dr. Susan M. Wachter, Professor of Real Estate and Finance at the University of Pennsylvania’s Wharton School. Dr. Wachter made her comments in the U.S. Mortgage Index, a new quarterly report launched today to examine key trends in residential real estate financing. Published quarterly by Dr. Wachter, in association with Genworth Financial Inc., the new index will evaluate which mortgage products offer borrowers the best value, comparing payments for various mortgage options. The first issue examines home financing over the past year, comparing monthly payments for five popular types of low down payment mortgages and describing why some are now better for some borrowers than others.