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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: pater tenebrarum who wrote (81964)1/3/2000 9:56:00 AM
From: clochard  Read Replies (2) of 86076
 
Heinz, people in the states are increasingly getting into variable-rate mortgages in order to afford their new (low-quality) brick and mortar houses. These guys are now trapped like rats and are going to see rises in their monthly payments. Of course they can always sell a few stocks or borrow even more from Ditech (125% mortgages).
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