Industry NewsMortgage

Does rise in adjustable-rate mortgages mean more foreclosures?

Industry disagrees on market impact
Published on Aug 9, 2004

Watch Connect NYC 2017 Live
Tune in live as the best and brightest explain how to execute and grow your business from the main stage of Connect.

In Alexis McGee's view, the trend toward adjustable-rate mortgages will lead to one thing–more mortgages in default and more foreclosures.

That's because as interest rates inch up, so will the cost of those riskier loans, which varies over time unlike fixed-rate mortgages ...

Comments