totally agree

来源: funca 于 2007-03-16 13:13:41 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (289 bytes)

The 3-year/5-year ARM resetting will be the key for the primary loan. Many US families will be hurt.

Three years ago, 3-year ARM interest rate is less than 4%, now more than 5.5%, imagine how the monthly morgage increase?

Subprime defaults is just the beginning of the story.

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