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It seems like only yesterday that we were hearing about Option ARM Mortgage rates resetting, and that holders of those loans were unable to refinance because their house was worth less than the mortgage…. Oh, wait… it was yesterday. Well, even so, things appear to be confusing in the housing market and mortgage [...] A recent article from CNBC, More Homeowners Struggling As Option ARMs Reset Higher warns about thousands more homeowners are about to be squeezed out of their homes as option ARM mortgages reset to new, higher levels. It’s been an often talked about danger on the horizon, but it appears that the horizon is now [...] |
 
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