Monday, June 19, 2006


ARMs (Adjustable Rate Mortgages) have been popular, but a downturn in housing that hits at the same time rates are rising are causing problems for those who squeeked into a home. If you have ever been upside down in a car--owe more than the car is worth but can't afford it and want to sell, you know this feeling. Imagine owing $20K on a house you no longer own.

Let's hope the economy keeps humming so unemployment doesn't become a problem either.

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