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    t market conditions, many of these payments will increase.

    “ARM holders face the possibility of enormous

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    According to the Mortgage Bankers Association (MBA), more than two thirds of the mortgages generated during the past several years are ARMs.

    Adjustable rate mortgages (ARMs) are home loans with a rate that varies. As interest rates rise and fall in general, rates on adjustable rate mortgages follow.

    Approximately 2 trillion dollars worth of these loans are scheduled for payment adjustment within the next two years. Based on current market conditions, many of these payments will increase.

    “ARM holders face the possibility of enormous h

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    past several years are ARMs.

    Adjustable rate mortgages (ARMs) are home loans with a rate that varies. As interest rates rise and fall in general, rates on adjustable rate mortgages follow.

    Approximately 2 trillion dollars worth of these loans are scheduled for payment adjustment within the next two years. Based on current market conditions, many of these payments will increase.

    “ARM holders face the possibility of enormous

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    interest rates rise and fall in general, rates on adjustable rate mortgages follow.

    Approximately 2 trillion dollars worth of these loans are scheduled for payment adjustment within the next two years. Based on current market conditions, many of these payments will increase.

    “ARM holders face the possibility of enormous

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    ion dollars worth of these loans are scheduled for payment adjustment within the next two years. Based on current market conditions, many of these payments will increase.

    “ARM holders face the possibility of enormous

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    t market conditions, many of these payments will increase.

    “ARM holders face the possibility of enormous hardship,” states Howard Voyles, CEO of Focus Publications, a provider of marketing tools to mortgage professionals. “Income hasn’t kept pace with the projected monthly payment increases,” he continues.

    The Federal Reserve Board agrees. ARMs may start with lower monthly payments than fixed-rate mortgages, but the following can happen:  Monthly payments could change. They could go up – sometimes by a lot – even if interest rates d

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