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 Issue of May 15, 2006 
   

40-Year Mortgages Languish in Bay State

By Andrea Gregory
Massachusetts lenders might not be so quick to jump on the bandwagon of new long-term products such as the 50-year mortgage that some California mortgage companies recently have started to offer. That’s because, according to local lenders, recent experiments with 40-year mortgage products have failed to garner much traction on the East Coast.

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