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Old 10-04-2008, 01:31 PM   #34
Rathji
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Quote:
Originally Posted by Ice View Post
But, after rate increases and loans readjusting, these same people can now not afford the high payment on the houses they bought. People's payments have gone from around 1500 per month up to 4000 per month now. That is a crazy jump in payment.
So this is due to variable interest rates rising then?
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