The Feds Miss An Opportunity to Explain Teaser Rates

Posted on Thursday 31 May 2007

Teaser rates on exotic mortgages have gotten lots of borrowers into deep financial trouble. Fooled by the low initial rate, homebuyers took on more debt than they could afford, as they’re now beginning to realize as rates reset upward and…n

Read More…


No comments have been added to this post yet.

Leave a comment

(required)

(required)


Information for comment users
Line and paragraph breaks are implemented automatically. Your e-mail address is never displayed. Please consider what you're posting.

Use the buttons below to customise your comment.


RSS feed for comments on this post | TrackBack URI