To: misterrob
Throw into the mix for the 09 Arms adjusting and next year will be a recycle of this year but worse.
52 posted on
09/29/2008 1:58:03 PM PDT by
BGHater
(Democracy is the road to socialism.)
To: BGHater
Any bank who resets a performing ARM is stupid. Hell, set all of their customers for lower rates for 2 years. Let the banks try to work out their own deals as best they can.
75 posted on
09/29/2008 2:23:35 PM PDT by
misterrob
(Obama-Keep the Change!)
To: BGHater
Actually, the 2009 ARM resets could be very good, as long as they are based on a US treasury note rate. The 1 & 2 year CMT rate, which is what a lot of ARMs are tied to, has been going down for about a year now and shows no sign of stopping. Anyone in an option ARM tied to the CMT has been very happy for the last several months!
77 posted on
09/29/2008 2:24:28 PM PDT by
Left2Right
("It's going to be a long eight years...maybe not!")
To: BGHater
“Throw into the mix for the 09 Arms adjusting and next year will be a recycle of this year but worse.”
In other words wrench the works now just to watch it fall apart with no chance to halt it next year.
180 posted on
09/29/2008 7:31:41 PM PDT by
Hawk1976
(It is better to die in battle than it is to live as a slave.)
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