Homebuyers who choose balloon mortgages instead of fixed-rate loans are saving hundreds of dollars a year, according to a study by Freddie Mac.

Freddie's mid-August survey of about 90 lenders found that 63% were offering seven-year balloon mortgages and 53% five-year balloons.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.