Adjustable mortgages continue increase in popularity
The AP is reporting that according to the Mortgage Bankers Association, adjustable mortgages have continued their increase in popularity, with more than a third of all mortgages fitting into that category in recent weeks. Many lending experts say that people are looking at houses like cars, "people are fixated on 'Can I afford this now?' and not considering what it will cost over time." Some economists worry that such behavior could crash the real estate boom. more




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