Worries rise with adjustable rates (Daily Press)
Story date: 2007-10-14 01:09:12
Added on: 2007-10-14 08:00:17
The pinch will hurt many when such mortgages begin to cost more. Come November 2008, Kathryn Clejan's adjustable-rate mortgage will get a whole lot more expensive. In fact, she estimates, it could rise $1,986 a month — which the single mother of two boys can't afford.
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