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A comment on Bank of Canada increases overnight rate target to 1 per cent. Parent comment

Re:Bank of Canada increases overnight rate target to 1 per cent by sliverstorm on Wednesday September 06, 2017 @07:15PM (#15187910)
It doesn't seem like there's anything radical about a standard, simple interest, fixed rate loan with no balloon payment. Setting aside questions of rate and term, your typical USA 20% down 30 year fixed mortgage is about as simple/ordinary/traditional as loans get.

Which makes me think it's not really any special favoritism in the US...

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Re:Bank of Canada increases overnight rate target to 1 per cent by emodendroket on Wednesday September 06, 2017 @08:10PM (#15188184)
It's my understanding (which I freely admit may be in whole or in part mistaken) that such loans didn't really exist until heavy political intervention/the creation of Fannie Mae.
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