CBS’s Cynthia Bowers: I Can’t Believe Adjustable Rate Mortgages ...

Story date: 2007-08-17 06:11:00
Added on: 2007-08-19 08:35:03

News Busters - Nowhere does it say that mortgages can only adjust when the rate drops. The second family Bowers covered in her broadcast had the same thing happen to them as they were about to close. The rate adjusted upward. However, according to Bowers: “They ...


Read more...

Related Stories:

• HBOS: 'Mortgage prices will rise' (Guardian Unlimited)

  Andy Hornby predicts a 'fundamental shift' in the lending markets that will leave homeowners paying considerably more for new loans. By Simon...
  2007-10-03 12:20:26

• Homeowners share tale of struggles with Alan Grayson (Orlando Sentinel)

  Among the 49,190 Florida homes in foreclosure last month was the cozy ranch house of Cheyenne Bowers and David Paxton, who wonder...
  2008-12-23 03:11:07

• December interest rate decision 'on a knife edge'

  MyFinances.co.uk - ... Capped-rate mortgages Cashback mortgages Discount-rate mortgages Home reversion plans Interest-only mortgages Lifetime mortgages Lifetime tracker mortgages More mortgage...
  2007-12-05 05:23:00

• Rate cut could mean lower mortgages and credit card bills for Upstate ...

  Anderson Independent-Mail - Bankrate.com, a consumer financial Web site, had some advice. n If you’re looking for a mortgage, follow the rate...
  2007-09-19 02:35:00

• Poor Christmas on high street leads interest rate cut calls

  MyFinances.co.uk - Bad credit mortgages Buy to let mortgages Fixed rate mortgages Flexible mortgages Interest only mortgages Self cert mortgages Tracker mortgages...
  2008-01-08 01:29:00

• Fed cuts US rates to 3%

  MyFinances.co.uk - Bad credit mortgages Buy to let mortgages Fixed rate mortgages Flexible mortgages Interest only mortgages Self cert mortgages Tracker mortgages...
  2008-01-31 12:48:00

• Retail sales slowdown

  MyFinances.co.uk - Bad credit mortgages Buy to let mortgages Fixed rate mortgages Flexible mortgages Interest only mortgages Self cert mortgages Tracker mortgages...
  2008-01-18 02:29:00

• Congress pressures lenders to help nation’s troubled mortgage ...

  Charleston Gazette - She suggested that mortgage companies simply convert large numbers of adjustable-rate mortgages to fixed rate mortgages. In the current...
  2007-11-01 05:55:00