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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Gemlaoshi who wrote (13734)5/12/2004 7:04:10 PM
From: yard_man  Read Replies (1) | Respond to of 110194
 
>>I believe our grandparents would roll over in their graves at the sheer stupidity of 1-year ARMs and interest-only mortgages that the financial hucksters are pushing like cocaine to an addict. <<

your assuption is that rates are going up and soon??

why do you think that??

now if prices were to start falling -- I think someone with an ARM would have a better position. Imagine paying the higher rate and being underwater -- that'd be worse.


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