The above graph shows national rates for a 3 year adjustable rate / interest only mortgage loan. Exotic loans are looking less hot.
Sunday, August 14, 2005
Monthly Payments on Exotic Loans Rising
Interest rates on exotic loans have been rising recently as short term interest rates continue to rise. Monthly payments are thus also rising.
The above graph shows national rates for a 3 year adjustable rate / interest only mortgage loan. Exotic loans are looking less hot.
The above graph shows national rates for a 3 year adjustable rate / interest only mortgage loan. Exotic loans are looking less hot.
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