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When did people start getting 30 year mortgages and did America have 30 year mortgages in 1929?
Wiki User
∙ 14y ago
I'm not quite that old but....I believe in 1929-early 30's mortgages only had terms of 3 to 5 years...Banks made people refinance them over & over. I believe in 1934 The National Housing Act allowed for longer term loans then the Servicemen's Act in 1944.
Wiki User
∙ 14y ago
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