arm reset options: My ARM is About to Expire; Now What?
- 09/29/07 02:35 AM
Studies show that in 2007, almost $1.5 trillion (yes, that’s a “T”) worth of adjustable rate mortgages (ARMs) have already reset or are due to reset soon; that’s five times the number that reset in 2006! You might be asking why is there this sudden increase in mortgages up for adjustment? It’s the result of several factors coming together.
As many of you know, in recent years, interest rates have been at historic lows. To get the lowest rate possible, and leave the door open to potentially get an even lower rate in the future due to the adjustability … (1 comments)
Studies show that in 2007, almost $1.5 trillion (yes, that’s a “T”) worth of adjustable rate mortgages (ARMs) have already reset or are due to reset soon; that’s five times the number that reset in 2006! You might be asking why is there this sudden increase in mortgages up for adjustment? It’s the result of several factors coming together. 
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