Will Your Clients' Mortgage Payments Double?
Oct 26, 2006
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By The Financial Planning Association
The Federal Reserve has taken what many believe is a temporary pause in the interest rate hikes it began back in 2003. But that won't be much comfort to mortgage holders who signed up for adjustable-rate mortgages (ARMs) set to readjust this year, particularly those who signed on for interest-only mortgages.