22.11.2012 - Why adjustable rates may save us in housing busts
This just in! Cutting a homeowner’s mortgage payment in half can reduce the likelihood of delinquency and foreclosure. That sounds like a no-brainer, but it's a conclusion in a recent report by researchers at the Boston and New York branches of the Federal Reserve. In fact, the question of what makes homeowners stop paying their mortgage — being unable to afford the payments or being too far underwater — has been a matter of some debate through the foreclosure crisis...............................................Full Article: Source
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