Study: ARM Borrowers Don’t Know The Terms

Daily Real Estate News  |  October 15, 2007 A national survey of 500 adjustable-rate mortgage borrowers found that 73 percent don’t know how much their monthly mortgage payment will increase the next time the rates go up. The survey, which was conducted for the AFL-CIO labor union, indicates that borrowers are unprepared for the burden of higher [...]

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77 Dow Place #306 – 1 Bed/1.5 Baths/1 Parking/1,254 Sq Ft. Neighborhood: South of Market. Days on Market: 2. List price: $799,000. Sold price: $789,000.