Wednesday, July 24, 2013

Short Memories

It's 2005 and 2006 all over again.  Home prices increase for a few months and home buyers abandon caution and prudence.  Here is a Bloomberg article on adjustable rate mortgages, which are at their highest levels since 2008.  Read the quotes; the hard lessons of 2008 through early 2012 are a distant memory. 

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