Thursday, August 30, 2007

Consumers shun adjustable rate mortgages (CNN Money)

Surging rates and consumer caution decrease ARMs activity. NEW YORK (Reuters) -- Consumers are shunning adjustable-rate mortgages in droves as rates surged to levels not seen in over six years, data from an industry trade group showed Wednesday.

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[Source: Yahoo! News Search Results for mortgages]

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