NPR has got a great story about ARMs. The figure that intrigued me most is the 1.5% foreclosure rate in 2002, during the recession. The expert on the program basically said that a 1.5% rate was unlikely.
They also had an article about falling home prices. I didn’t have a chance to listen to this one today, but that’s ok. I’m not in a position to start buying investment properties.
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