{"id":199617,"date":"2007-07-11T05:59:00","date_gmt":"2007-07-11T10:59:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/07\/11\/two-million-adjustable-mortgages-to-reset\/"},"modified":"2007-07-11T05:59:00","modified_gmt":"2007-07-11T10:59:00","slug":"two-million-adjustable-mortgages-to-reset","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/07\/11\/two-million-adjustable-mortgages-to-reset\/","title":{"rendered":"Two Million Adjustable Mortgages to Reset"},"content":{"rendered":"<p>You heard right, over the next few months, <a href=\"http:\/\/money.cnn.com\/2007\/07\/09\/real_estate\/resets_are_coming\/\"><span style=\"font-weight: bold;\">TWO MILLION<\/span><\/a> mortgates will reset:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>Borrowers who took out hybrid ARMs in 2004 and 2005 to secure low &#8220;teaser&#8221; rates for the first two or three years of the loan <span style=\"font-weight: bold;\">may see their monthly mortgage payments climb by 35 percentor more<\/span>.<\/p>\n<p>&#8230;.<\/p>\n<p>&#8220;In October alone more than $50 billion in ARMs will reset,&#8221; according to Mark Zandi, chief economist and co-founder of Moody&#8217;s Economy.com. That&#8217;s a record, according to Zandi.<\/p>\n<p>&#8230;<\/p><\/blockquote>\n<p>I paid 20% down in 2004 for a 30 year fixed.<br \/>I fully expect to be under water at some point in the near future, dispite the fact that the value increased by over 40% from 2004-2006.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You heard right, over the next few months, TWO MILLION mortgates will reset: Borrowers who took out hybrid ARMs in 2004 and 2005 to secure low &#8220;teaser&#8221; rates for the first two or three years of the loan may see their monthly mortgage payments climb by 35 percentor more. &#8230;. &#8220;In October alone more than &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,973,1265],"tags":[],"class_list":["post-199617","post","type-post","status-publish","format-standard","hentry","category-bubble","category-economy","category-housing-crash"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/199617"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=199617"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/199617\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=199617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=199617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=199617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}