Sunday, January 28, 2007

Adjustable rates climbing...death to corrupt lenders

Copyright © 2007 Mortgage-X.com
Reprinted with permission

Comments:

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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