ARM Bailout Unfair to Responsible Borrowers
By: Todd Sullivan Home Loans Views: 3892 | Comments: 0 | Votes: 0
If we are going to freeze subprime interest rates at their original rate for the next 5 years, I pose the following question:We bought our house one year ago with a 30 year fixed mortgage. Why? We thought rates were going up and the ARM's that were being offered were 3 year ARM's at about a point lower than ours ended up being. Do you rush out and buy him a new one? Hell no! More
