Tax moves may ease mortgage crunch (Contra Costa Times)
Story date: 2007-10-22 03:14:52
Added on: 2007-10-22 04:00:18
If you read the newspapers, it looks like all hell is about to break loose when so many mortgages reset at higher interest rates this month. A recent news account cited the couple in Sacramento whose mortgage on a $250,000 house was about to rise from $1,400 a month to about $1,900 when it resets.
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