To: Soren
I do work for a woman on her rentals and she just sold a condo and bought a new home for a rental and was going to get an adjustable rate loan and I told her if she did she was sticking her neck out a mile, the inital rate difference between a 30 year and an adjustable was only 2/3 of a point.
13 posted on
12/12/2002 8:18:43 PM PST by
dalereed
To: dalereed
Good advice. Corporations may be just as guilty. There was an article posted yesterday that seemed to imply states and municipalities were also shifting from long to short term debt, though derivatives were involved and it wasn't clear to me who was actually taking the risk of short term fluctuations. And didn't the federal gov't move to the short end during the Clinton administration?
15 posted on
12/12/2002 8:35:46 PM PST by
Soren
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