Sub Prime Mortgage Meltdown

71 Arm Adjustable-Rate Loans Can Be a Smart Risk – On June 9, well-qualified borrowers using my website were offered the following choices: a 30-year fixed-rate mortgage at 4 percent, a 10/1 ARM at 3.5 percent, a 7/1 ARM at 3 percent, and a 5/1 ARM at.

“It is no longer a market that caters to subprime borrowers,” he said, adding that the company has more customers with good.