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Sunday, October 17, 2004
ARMs Gain Clout When Mike Ansani bought a $780,000 house in Chicago's Lakeview neighborhood, he chose not to lock in a conventional mortgage, even though its rate was a low 5.5 percent. Instead, he picked a 5-year adjustable-rate mortgage at 4.5 percent, and estimates he saves about $400 to $500 a month. Read Full Story |
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