|
Tuesday, April 12,
2005
The AP is
reporting that according to the Mortgage Bankers Association,
adjustable mortgages have continued their increase in
popularity, with more than a third of all mortgages fitting into
that category in recent weeks.
Many lending
experts say that people are looking at houses like cars,
"people are fixated on 'Can I afford this now?' and not
considering what it will cost over time."
Some economists
worry that such behavior could crash the real estate boom. m
|
