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Originally Posted by boneprone
Why would their rates go up??
Most of us locked in our rates at lifetime lows..
The key word here is "locked" .......
Why people do "arm" financing and dont lock in a rate is beyond me.
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Because lots and lots of people we told that by taking adjustable, they could get an even lower rate, which they did. But now those rates will hit 6 7 and in some cases 10%