Adjustable rates climbing...death to corrupt lenders
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As Adjustable Rates keep moving up, the window for sleezy lenders to loan absurd loans to unquailfied individuals will close rendering the colapse of the San Diego real estate market. Currently the popular ARMs range from 4.5% to 5.4%, once we reach 6.5-7.5% we will see a saturated market, no quailfied buyers and desperate sellers. Hold on folks this should be quite a ride.
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