Chuck Jaffe: Fed's overlooked message: Dump your ARM now. if you can (Market Watch)
Story date: 2008-07-01 04:53:48
Added on: 2008-07-01 19:39:40
While the media and the market scrutinized every word of the Federal Reserve Board's message last week, it seemed to overlook the most important signal, which was there loud and clear for anyone reading between the lines. It went like this: “Refinance your adjustable-rate mortgage now, if you can.”
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