They're In — but Not Home Free
Yow- can you say "bubble"?
They're In — but Not Home Free: "In 2001, as the current housing boom got underway, fewer than 2% of California homes were bought with interest-only loans, according to an analysis done for The Times by LoanPerformance, a San Francisco mortgage research firm.
By last year, the level had risen to 48%. Nationally, LoanPerformance says, interest-only loans were used in about a third of all purchases."
They're In — but Not Home Free: "In 2001, as the current housing boom got underway, fewer than 2% of California homes were bought with interest-only loans, according to an analysis done for The Times by LoanPerformance, a San Francisco mortgage research firm.
By last year, the level had risen to 48%. Nationally, LoanPerformance says, interest-only loans were used in about a third of all purchases."
at
2:46 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home