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Nor should holders of adjustable-rate mortgages panic.
Foreclosures could becomes especially bad for holders of adjustable-rate mortgages.
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But only people in the lovey-dovey world of adjustable-rate mortgages.
Home buyers in those four states relied on the low introductory costs of adjustable-rate mortgages.
Much of the durability of adjustable-rate mortgages, in Mr. Gumbinger's opinion, can be attributed to their variety.
(Some analysts warn, however, that, to become homeowners, more people may simply accept the risks of adjustable-rate mortgages).
(For more on the risks of adjustable-rate mortgages, see "ARMed And Dangerous").
The reason is the increasing popularity of adjustable rate mortgages.
Last year alone, 40% of adjustable rate mortgages and interest-only loans were categorized as subprime.
Subprime still matters, as do the concentration of adjustable rate mortgages.
Paul area -- have inordinately high rates of adjustable rate mortgages.
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