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| User Info | Bush freezing adjustable interest rates; entered at 2007-12-01 14:58:54 | |||
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Mtgspy Posts: 6202 Registered: 2007-10-27 
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So let's say it's frozen at 5% forever for the 2/28. But if there is something like CBI, let's say the formula is max ( 0, 0.25 x (5% - CaseShiller%) ) adjustment then you can see how in declining housing price and a risk of government seizure this could help mitigate the interest rate shortfall in the future. At the time when it's supposed to be teaser rate no less. Fire against fire. 2007-12-01 14:58:54
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