[gusopol3]

ACORN, a community advocacy group released, The Impending Rate Shock, on August 15, 2006. This report examines 130 metro areas and offers a first glimpse at the extent of risk and fragility of housing finance for lower income Americans. In 2005 adjustable rate mortgages (ARM) accounted for 24% of all residential loans and 75% of sub-prime loans.

Soros alert

[muawiyah]

My ARM was just adjusted. It's still below 5.5%, and by historic standards (over the last 50 years), that's a good rate.