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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (45842)11/18/2005 7:13:28 PM
From: Roads End  Read Replies (2) of 110194
 
I remember taking out an ARM in 1984 at around 10.375% that capped out at 15%. At the time interest rates were starting to head south so I thought it a decent risk. For the life of me I can not see what the motivation was to save a crummy point or two with an ARM when rates were at rock bottom.
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