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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: MJ who wrote (134478)6/6/2012 12:47:54 PM
From: sm1th1 Recommendation  Read Replies (1) of 224707
 
Financing a home went from fixed rate loans for a given period of time to loans that were no longer fixed rate----this became the new sales gimmick.


Actually this began in the early 80's when mortgage rates went to 16-17%. Nobody could qualify for fixed rate, so they did variable rates with an initial lower rate.
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