To: Hydroshock
Resetting from what to what? How many are resetting and are they all going to reset to some extraordinary level that is totally unexpected? Can there be many if any home buyers who purchased to live in their homes who did not expect their payments to jump?
Rates are still about as low as they were in 1968 when I bought my first home.
To: Eagles Talon IV
Over a trillion dollars worth of arms with teaser rates will expire and reset to the current rates in the next 12 to 18 months. When that happens the fur will fly.
5 posted on
08/29/2006 1:37:22 PM PDT by
Hydroshock
( (Proverbs 22:7). The rich ruleth over the poor, and the borrower is servant to the lender.)
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