Interest Only Mortgage Loans

来源: 2007-08-06 16:12:58 [博客] [旧帖] [给我悄悄话] 本文已被阅读:

Wells Fargo will increase the rate for Conf 30 yr fixed IO
tomorrow (That's the lender increase the
Jumbo 30 yr fixed to 8%, remember?).

I don't know whether it will increase the rate for any other ARM IO
programs? Will the other lenders follow?

Some lenders already used index+margin as the rate to
qualify the interest only loans. All other lenders
have to follow after Feb 2008. Seems like more
lenders will implement it much earlier than expected.