Some finance experts come to defense of ARMs
Story date: 2007-10-06 11:55:00
Added on: 2007-10-07 03:23:19
Detroit Free Press - An adjustable-rate mortgage usually starts with a low, teaser interest rate that remains fixed for a specific period. The hope for homeowners is that they will refinance into conventional fixed-rate mortgages -- or sell their properties -- before ...
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