Industry News

Adjustable-rate mortgages a risky bet

Economist warns of unaffordable loans, depressed prices in Golden State
Published on Jul 22, 2004

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by CareyBot

Adjustable-rate mortgages are gaining popularity among homeowners, and recently accounted for about one-third of new loan applications in the country – the highest level in a decade – according to an announcement by the University of Southern California Lusk Center ...