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Today's Mortgages Allow For Interest Adjustments Part II
Aiken Standard reports on adjustable rate mortgages ARMs as the broadest unconventional loan. It explains how rates tie to indices, how payments can rise or fall, and how terms may extend up to 40 years. Analysts note potential for both higher costs and future declines.
MENTIONED IN THIS ARTICLE
Associated Press
U.S. League of Savings Associations
David Treadway
Federal National Mortgage Association
U.S. Treasury
Comptroller
Savings and Loan Institutions
Federal Home Loan Bank Board
S&ls
Dallas Benewitz
US League of Savings Associations
Rollin Barnard