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Option ARM loans starting to be used again.

scott
edited June 2013 in Off-Topic
Oy vey. CNBC talking about people getting forced into ARMs because they didn't lock in rates during the mortgage process in time and are looking for exotic loans to capture lower rates. Additionally, idiots on CNBC talking about how rising rates is no problemo for the housing market and some talking about how "ARMs are okay now because things are different." lol.

Additionally, 1/3rd of buyers are cash, according to CNBC idiots.

Comments

  • Old_JoeOld_Joe
    "The more things change the more they stay the same".
  • JohnChisum
    "Sir this is the west. When the legend becomes fact, print the legend."

    Amazing how short some memories are.
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