There have been many changes in our mortgage institutions that might be part of the reason for the boom in home prices.

我们的抵押机构,已经发生了许多变化,这些变化可能是,房价高涨的部分原因

耶鲁公开课 - 金融市场课程节选

When you first bought the house they told you what the mortgage payment was and they're fixing that forever, well for thirty years.

最初你买这套房子的时候,他们已经告诉你每月偿还额是多少,在未来30年里这是固定的

耶鲁公开课 - 金融市场课程节选

When you mortgage a property that means that you offer the property as collateral for a loan.

当你通过抵押贷款购买一项财产意味着,你需要抵押这项财产的所有权以获得贷款

耶鲁公开课 - 金融市场课程节选

For example, do you think that ? mortgage will have a negative impression?

举个例子，你认为,抵押贷款将会产生消极影响么？

耶鲁公开课 - 金融市场课程节选

So, people would be turned down for the refinancing of their mortgage.

因此人们重新申请抵押贷款的要求,会被拒绝

耶鲁公开课 - 金融市场课程节选

We did have a large,short position in subprime mortgage-backed securities, which has paid off enormously for the University and really helped protect assets in the past nine months or a year.

我们确实曾持有很多,次级抵押担保证券的空头,它们为耶鲁赚了不少钱,并且在过去的9个月或1年间,为资产保值发挥了实在的作用

耶鲁公开课 - 金融市场课程节选

But if most people who are good borrowers, who know what they're doing, want these, they want a conventional thirty-year mortgage because it will fix a mortgage payment for the rest of the thirty years and you have nothing to worry about.

但是如果大多数人是优质借款人,他们知道自己在做什么,他们会选择普通30年期抵押贷款,因为在剩余的30年时间里,抵押贷款的偿付是固定的,你不需要为它担心

耶鲁公开课 - 金融市场课程节选