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IPFS News Link • Economy - Economics USA

The Bank Bailout's Side Effect: Rising Mortgage Costs

10-17-08 • news.yahoo.com/s/ap

Rising mortgage rates could also put downward pressure on housing prices, which have already dropped 20% since their peak in July of 2006, according to the S&P/Case-Shiller Home Price index.

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1 Comments in Response to The Bank Bailout's Side Effect: Rising Mortgage Costs

Comment by Fascist Nation

Entered on: 10/18/2008 8:48:54 AM

This isn't a problem, unless you were foolish enough to get an ARM. You weren't foolish enough to get an ARM were you?

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The Bank Bailout's Side Effect: Rising Mortgage Costs

1 Comments in Response to The Bank Bailout's Side Effect: Rising Mortgage Costs

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