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Adjustable Rate Mortgage Article

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adjustable rate mortgage

Houston Chronicle - Toss in the potential impact of a recession and a round of adjustable-rate mortgage resets scheduled to come at the end of the month, and it's possible foreclosure rates could resume their previous pace.

Area foreclosure rate slows, but problems still lurk

Bloomberg - March 6 (Bloomberg) -- U.S. mortgage foreclosures rose to an all-time high at the end of 2007 as borrowers with adjustable-rate loans walked away from properties before their payments increased, the Mortgage Bankers Association said today. New ...

U.S. Mortgage Foreclosures Rise as Owners `Give Up' (Update2)

Bloomberg - Nine of 10 S&P 500 industries slipped after more borrowers with adjustable-rate loans walked away from properties, employers eliminated 63,000 jobs in February and Thornburg Mortgage Inc. and a Carlyle Group fund defaulted on loans.

U.S. Stocks Decline to Lowest Since 2006 on Record Foreclosures

MSN MoneyCentral - The average 15-year fixed rate mortgage popular for refinancing dipped to 5.79 percent, while the average jumbo 30-year fixed rate held at 7.43 percent. Adjustable mortgage rates were mixed, with the average one-year ARM sliding to 5.47 percent ...

Bankrate: A Topsy-Turvy Week for Mortgage Rates

New York Times - WASHINGTON — Defaults on home mortgages touched another all-time high at the end of the last year as foreclosures surged on adjustable-rate mortgages, an industry group reported on Thursday. The latest data is expected to put further pressure on ...

Mortgage Defaults Reach a New High

Times-Herald - (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? Or perhaps you've had an unexpected financial hit such as a large hospital bill or a job ...

Find the Best Deal on Refinancing Your Home

BusinessWeek - A year ago, rates on 30-year mortgages stood at 6.14 percent, 15-year mortgage rates averaged 5.86 percent, five-year adjustable-rate mortgages were 5.90 percent and one-year adjustable-rate mortgages were 5.47 percent.

Mortgage rates drop

Lansing State Journal - Senate passes bills aimed at easing Michigan's mortgage foreclosure crisis ... Some homeowners struggling with rising adjustable rate mortgages would be able to get lower fixed rate loans through the ...

Senate passes bills aimed at easing Michigan's mortgage foreclosure ...

Boston Globe - She received an adjustable rate mortgage from a local bank, but it was not considered a subprime loan. The mortgage payment first was $2,000 per month.

In one year, foreclosure rate tripled

Chicago Tribune - The bills could help lessen the wave of mortgage foreclosures gripping Michigan. Some homeowners struggling with rising adjustable rate mortgages would be able to get lower fixed rate loans through the Michigan Housing Development Authority.

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