So let me get this straight...all these people that have been buying 1/2 million $$ condos/bungalows in the Bay area lately, have mortgages based on variable rates? They expected interest rates to stay low forever? Was it not possible to get a low fixed-rate mortgage? Or was it just about refinancing to make a quick buck or to temporarily lower payements?
Joanna
Devine, James wrote:
> if the Fed does raise rates, it could pop the housing bubble. > > Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine > <http://bellarmine.lmu.edu/%7Ejdevine> > > --- >
