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200 Billion ARM Mortgages Adjusting This Year

200 billion in mortgages will face payment shocks every year for the next four years as analysis done by the Federal Reserve Bank of Boston. This means those hybrid ARMs are beginning to adjust. This means many borrowers will need to refinance to avoid higher payments.

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200 Billion ARM Mortgages Adjusting This Year

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200 billion in mortgages will face payment shocks every year for the next four years as analysis done by the Federal Reserve Bank of Boston. This means those hybrid ARMs are beginning to adjust. This means many borrowers will need to refinance to avoid higher payments.

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This web page armadjusting.blogspot.com states the following, "200 Billion ARM Mortgages Adjusting This Year." We saw that the webpage said " 200 billion in mortgages will face payment shocks every year for the next four years as analysis done by the Federal Reserve Bank of Boston." It also said " This means those hybrid ARMs are beginning to adjust. This means many borrowers will need to refinance to avoid higher payments. Friday, July 6, 2007. to an Low Fixed Rate. If your ARM is scheduled to adjust within the next three months, now is the time to act. Bill Burress, Nationwide ."

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