Tuesday, April 12, 2005

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

0 Comments:

Post a Comment

<< Home