lumpuckarutoo

The Race to Zero Interest Rates

....good point what about those ARMs?


On Nov 27 12:31 PM lumpuckarutoo wrote:

> ..I'm new to the blog thing and I'm not even sure I am at the right
> place but here goes, my comment is about the housing market and the
> mess that we are in , ... it seems to me that the adjustable rate
> mortgages (ARM) was the down fall and the cancer of the housing
> market and should have been outlawed right at the start, ...when
> those rates started to adjust upward to the point where people could
> no longer afford them, that's when they started to loose there homes.
> I also realize that with out them they couldn't have gotten a home
> and the greedy money lenders couldn't have gotten rich !
> I never hear about this in the news lately.

The Race to Zero Interest Rates

..I'm new to the blog thing and I'm not even sure I am at the right place but here goes, my comment is about the housing market and the mess that we are in , ... it seems to me that the adjustable rate mortgages (ARM) was the down fall and the cancer of the housing market and should have been outlawed right at the start, ...when those rates started to adjust upward to the point where people could no longer afford them, that's when they started to loose there homes. I also realize that with out them they couldn't have gotten a home and the greedy money lenders couldn't have gotten rich !
I never hear about this in the news lately.