Does Greenspan favor adjustable mortgages?

Learn why so many Americans buy fixed loans instead
Published on Mar 22, 2004

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by CareyBot

“I wonder what you thought of Fed Chairman Greenspan’s statements that mortgage borrowers could save a lot of money if they opted for adjustable-rate mortgages (ARMs) rather than fixed-rate mortgages (FRMs).” While Greenspan’s remarks were carefully hedged, he certainly seemed ...