To: Gabz
We’re with them, too — I’m guessing nothing, if you have a fixed-rate mortgage. People with ARMs are going to take it in the booty, though.
11 posted on
08/10/2007 6:12:21 AM PDT by
Malacoda
(A day without a pi$$ed-off muslim is like a day without sunshine.)
To: Malacoda
I’m guessing nothing, if you have a fixed-rate mortgage. That was my guess, but I figured I would ask anyway.
24 posted on
08/10/2007 6:29:07 AM PDT by
Gabz
(Don't tell my mom I'm a lobbyist, she thinks I'm a piano player in a whorehouse)
To: Malacoda
ARM’s still can’t adjust beyond their parameters - i.e., the margin and index. The only way this affects ARM rates is if the indexes like MTA, LIBOR, and COFI go up, and, if anything, they’ll probably go down once all this hubbub calms down.
33 posted on
08/10/2007 6:38:33 AM PDT by
RockinRight
(Fred's Campaign: A hell of an opening, coast for a while, and then have a hell of a close.)
To: Malacoda
Yeah. We already are. They just jumped us up to 12% from 6% and I did not know this until I logged into my account.
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