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THIS is what is driving the ARMS....and the FED has NO control over it....
Friday, September 14, 2007
Interest Rates
People, I don't care if our mortgage rates drop to 3%, adjustable rate mortgages are based (almost exclusively from our experience) on LIBOR, the London Interbank Rate!!
THIS is what is driving the ARMS....and the FED has NO control over it....
THIS is what is driving the ARMS....and the FED has NO control over it....
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