And speaking of Option ARM resets…. Here’s a series of articles written about these pesky little things. As you’ll see from reading them, there is another scheduled wave of adjustable rate mortgage resets heading our way. However, there is a decent amount of speculation that a good deal of borrowers who took out pay option [...]
Archive of posts tagged Option ARM Resets
Pending Home Sales Up 3.2% For July – Sixth Month Of Increases
N.A.R. recently released a report showing that existing home sales were up 3.2% for the month of July, 2009. This would represent the sixth straight month of increases in the number of pending home sales. Of course, “pending” essentially means “planning to close but hasn’t closed quite yet”. While this may seem like stunning news, [...]
