Sunday, September 30, 2007

Adjustable Rate Mortgages - Real Estate Bubble - and the reality of "the problem"

The following is a discussion - easily understandable - of Adjustable Rate Mortgages - not mentioned here is how people used other sources of funds (credit cards, for example) to line up their downpayments, etc. So the expansion of "the kick-in of new higher rates" affects the marginal monthly payer - and their inability to perform.

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