Monday, June 20, 2011

Don't get trapped in an ARM

They all but disappeared after the housing bust as homeowners grew fearful of future interest-rate hikes and rates for fixed loans fell to historic lows. But "the fear of the adjustable-rate mortgage has started to settle down," says Steve Habetz, a loan officer in Westport, Conn.

Source: http://rss.cnn.com/~r/rss/money_realestate/~3/o5xiOfSPPLs/index.htm

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