Posts Tagged ‘Adjustable Rate Mortgage’

ARM’s Trending Upward as Traditional Fixed Rates Climb

Friday, January 31st, 2014

ARM’s were one of the many issues blamed for the housing market crash in 2007 and while they were indeed a problem; they weren’t the only problem and on their own wouldn’t have been…It was the fact that they were combined with NINJA’s that wreaked havoc.

No, I’m not talking about those Ninja’s, I’m talking about these NINJA’s.

It was primarily the No Income, No Job, No Assests “No Problem!” loans (AKA, “NINJA” Loans) that led to the 2007 crash so as long as those don’t return I think we’ll have a pretty stable market going forward.

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