As rates soar, 2.2 million Americans risk losing homes this year

[admin]

Most preditected this.

http://news.yahoo.com/s/afp/20070314/ts_alt_afp/useconomyproperty_070314133106

[darius]

this is why interest-only rates suck when buying your first home . . . always go with fixed-rate

[TheHipHopBillGates]

this is why interest-only rates suck when buying your first home . . . always go with fixed-rate

not really anyone that took a 5 or 7 year arm will be fine because you usually don't stay in your first place that long anyway. This is actually kind of good for the housing market, because it will actually cause a decrease or a stablization in the market, and make it more affordable.

[drumaboy]

so glad this is happening, need the fat of the land to be cut.......enough with the chop shop, bullshit mortgage places and 50 year mortgages......plus, i'm loving all the goomba wanna-be realtors who've spent the past few years getting out-of-state, jacked appraisals, with their clean record and good credit friends name and the tenants aren't paying the rent, lollolol, it's amazing how big their heads got because they re-financed their grandma's houses, thinking money was always going to be coming in