The AI Boom Is Changing Hands
The AI Boom Is Changing Hands For much of the last three years, the AI story looked deceptively…
July 2026Why the U.S. Invented the 30-Year Mortgage
The 30-year mortgage feels timeless. It isn’t. Before the 1930s, U.S. home loans were short-term, interest-only, and depended on constant refinancing. When the Great Depression hit, credit dried up, refinancing stopped, and defaults surged.
The solution wasn’t a bailout. It was a redesign. Through New Deal institutions like the @Home Owners’ Loan Corporation (HOLC) and the Federal Housing Administration and HUD Office of Housing (FHA), the U.S. introduced long-duration, fully amortising mortgages. Monthly payments became predictable. Refinancing risk disappeared. Stability returned.
The 30-year mortgage wasn’t created for convenience. It was created because the system couldn’t survive without it.
At Itus Capital Advisors, we are tracing such pivotal moments, ideas that changed the investments world through #ItusTimeMachine series, published online every Sunday.
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