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: Left2Right
A lot of them are set to LIBOR though.
That won’t be pretty.
79 posted on
09/29/2008 2:27:27 PM PDT by
L,TOWM
(Mcwhatshisname/PALIN, '08!!!)
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