The Selling of Home Ownership

iVillage Member
Registered: 03-18-2000
The Selling of Home Ownership
14
Fri, 09-26-2008 - 1:33pm

http://www.youtube.com/watch?v=ecwdBb4gAVI

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iVillage Member
Registered: 07-25-2008
Sun, 09-28-2008 - 8:33pm

I have worked in the title industry for years.

iVillage Member
Registered: 03-26-2003
Sun, 09-28-2008 - 8:59pm
I could be mistaken, but I recall that ARMs were available in the late 70s, particularly when folks thought that interest rates could really get no higher.

The 3 Day

Sandy
iVillage Member
Registered: 07-25-2008
Sun, 09-28-2008 - 9:33pm
Yes they were available in the late 70's.
iVillage Member
Registered: 03-26-2003
Sun, 09-28-2008 - 9:48pm
Then, if I am correct, when the interest rates went down so did the rates for the ARMs. It's what made them appealing, because no one wanted to buy a home with a double-digit interest rate mortgage.

The 3 Day

Sandy

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