| Search by tag or site | Login to my blog ? Start my own blog |
 |
Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
56% of adjustable loan users will refi
Posted on 11/01/2006 08:47 AM | Link | Post Comment
A national consumer sentiment poll of homeowners by Wells Fargo found this ...
One in seven of the homeowners in this survey (14 percent) has an adjustable rate mortgage (ARM). Those most likely to have an ARM are:
• younger homeowners (27 percent of the Generation Y respondents have an ARM, while 19 percent of Generation X respondents, ages 30-41, have one)
• those with a higher income (19 percent of those with annual incomes of $75,000 and up) and,
• those with a higher valued home (17 percent of those with homes valued at more than $200,000).
Of the homeowners with an ARM, 79 percent said that they are concerned about the interest rate on their mortgage increasing, and more than half (56 percent) indicated that they would refinance when their interest rate adjusts. One-fifth (21 percent) plan to take no action.
To read more, CLICK HERE
Also read:
Housing Sector Recession Will Last a While, Won't Cause Full Blown Recession on Oct 30th, 2006 in Market Overview by CrossProfit with stocks: ITB, PKB, XHB
One in seven of the homeowners in this survey (14 percent) has an adjustable rate mortgage (ARM). Those most likely to have an ARM are:
• younger homeowners (27 percent of the Generation Y respondents have an ARM, while 19 percent of Generation X respondents, ages 30-41, have one)
• those with a higher income (19 percent of those with annual incomes of $75,000 and up) and,
• those with a higher valued home (17 percent of those with homes valued at more than $200,000).
Of the homeowners with an ARM, 79 percent said that they are concerned about the interest rate on their mortgage increasing, and more than half (56 percent) indicated that they would refinance when their interest rate adjusts. One-fifth (21 percent) plan to take no action.
To read more, CLICK HERE
Also read:
Housing Sector Recession Will Last a While, Won't Cause Full Blown Recession on Oct 30th, 2006 in Market Overview by CrossProfit with stocks: ITB, PKB, XHB
- How (bad) Certain Investments Did Last Week
- Dow Dips Below 8,000 Threshold, Reaching April 2003 Levels
- Some Insight From The Blogs:
- Canslim.net Morning Comment And Links (for Traders)
- Stocks Fail To Turn Up; Sec's Shorting Ban On Financial Shares Expires
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- Millionaire Now!
- The 7 Steps to Millionaire Now!
- Build Your Financial Plan
- RETIRE RICH: Survival Guide
- ASSET ALLOCATION MODEL
- THE BIG ROLLOVER IS HERE
- THE END OF THE GRAND SUPERCYCLE?
Examples
ATM Wallstreet - Tue Oct 07, 2008 10:07PM
Today we have the Fed speaking and release of Fed mi [read more]
Today we have the Fed speaking and release of Fed mi [read more]
Morpheus Trading - Tue Oct 07, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them [read more]
NOTE: Please click on the charts below to enlarge them [read more]
Morpheus Trading - Fri Oct 10, 2008 01:40AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
<< My Home | TheMoneyBlogs Home