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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: biometricgngboy who wrote (12804)8/21/2003 9:05:03 AM
From: biometricgngboyRead Replies (1) | Respond to of 306849
 
As interest rates rise, more buyers look to adjustable-rate mortgages

harktheherald.com

excerpt:

"The parents of a lot of first-time home buyers tell them, take the 30-year fixed for the security, but they don't take into account that they pay a premium for that," Walters said.

A young couple, he said, "has children, gets raises, their jobs move them and they're not going to be in that starter bungalow five or six years from now.
"



To: biometricgngboy who wrote (12804)8/21/2003 9:09:28 AM
From: MicawberRespond to of 306849
 
Biometric:

I guess the housing market cooled in the 6 hours between when the two articles were written.

Wonderful posts. Goes to show you how useless the popular press is.