Adjustable-Rate Mortgages Are Still a Problem
One of the residual effects of the housing boom and bust is the large percentage of adjustable-rate mortgages still being carried by the money-center banks.
Between 2000 and 2007, adjustable-rate mortgages became an increasingly popular tool for giving mortgagors the ability to leverage their purchasing power with lower monthly payments....451 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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