Colli Real Estate

Did lawmakers pass that plan to freeze adjustable rate mortgages?

About a month ago, Paulson was talking about a plan to freeze adjustable rate mortgages that meet a certain criteria?

There is no automatic freezing, nor is there any law passed which mandates such freezing of rates. Several of the larger mortgage firms (lenders) have voluntarily agreed to hold rates on adjustable rate mortgages for the next several years. However, they are not mandated to do so.

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