Top 10 States With Highest Adjustable Rate Mortgages Percentage
January 4th, 2008 • Related • Filed Under
I found these numbers at the USA Today and put them into a top 10 list of states with the highest percentage of outstanding loans that are adjustable rates. After all the media hype about subprime fallout it seems that the numbers really do not tell the story outside of California and Florida.
And my guess is that many of those who played the adjustable rate game were speculators or those who wanted to upgrade their lifestyle on the hope of a surging market.
Top 10 States With Highest Adjustable Rate Mortgages Percentage
| 1 | California | 17.30% |
| 2 | Florida | 12.30% |
| 3 | Texas | 5.70% |
| 4 | Illinois | 4.90% |
| 5 | Arizona | 4.30% |
| 6 | Michigan | 3.60% |
| 7 | New York | 3.50% |
| 8 | Georgia | 3.30% |
| 9 | Maryland | 2.90% |
| 10 | New Jersey | 2.70% |
| 10 | Pennsylvania | 2.70% |
My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
Comment by Daytona Beach vacation rentals on 29 January 2008:
I think some of the people may have been in for investment purposes but I tend to believe that many were just put into this as the only option available for then in a loan. Same bottom line people without homes and lots of foreclosures.