Saturday, January 10, 2009

Unanticipated relief for anxious homeowners - The Boston Globe

Unanticipated relief for anxious homeowners - The Boston Globe: "Homeowners in fear that payments on their adjustable-rate mortgages will shoot up this year can relax. Their monthly costs will probably be the about the same, or even less, because interest rates have fallen to historic lows."
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"Relax" might be too strong a word. Perhaps "take the pistol barrel out of their mouths" might be closer to the truth.

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