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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: Ilaine who wrote (116992)5/29/2005 2:33:33 PM
From: John Carragher  Read Replies (1) | Respond to of 793739
 
i heard yesterday that 54% of real estate housing in washington d. c. area is mortgaged on interest only variable loans. Wonder what happens to real estate if rates go up? will couple be able to continue to make payments. Will values on housing drop if foreclosures start increasing?

i think they said in San Francisco it was as high as 74% of all mortgages are interest only on homes.