A twist on the Arm

Mortgage finance

pg33-jpg

With US housing prices on a seemingly unstoppable upward trajectory for the best part of a decade, it has been increasingly difficult for first-time buyers to get on to the property ladder. Many have turned to a growing range of exotic mortgages, offering low teaser rates and a low minimum payment for an initial period - effectively enabling homebuyers to borrow more.

However, 17 consecutive interest rate increases by the US Federal Reserve between June 2004 and June 2006 means some of these

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: