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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (12098)4/17/2004 2:03:08 PM
From: ild  Read Replies (1) of 110194
 
As of now the most popular loan in So. California is 5/1 which is fixed for 5 years and then becomes adjustable. If you talk to a realtor she'd tell you a few "common knowledge" facts:
1. houses here double in price every four to five years
2. most people move in 6-7 years (to bigger houses to make even more money) so no need to pay for 30 year rate lock.

I don't know if those 5/1 loans show up as fixed or adjustable in government statistics. Tom, do you know?
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