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Its just my opinion but all the Adjustable Rate Mortgages given to people that normally wouldn't be able to get a mortgage. Will create a huge opportunity to those that are ready in about 2 yrs. It happened in the 80's and its set up to happen again. The mortgage companys give people an A.R.M once the rates go up so does their monthly payment. Alot of these people are maxed out at the current rate. When it starts creaping up(already is) the home prices come down. So in a couple years you will have people paying a $400K mortgage on a $300K house people will walk away from the properties.(like in the 80's) Theres an ol'saying "if you look far enough in the past you can see the future"
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ICQ:475437214
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