Mortgage Crisis - Subprime and Adjustable Rate Loans

Posted In: Mortgage Refinance
The mortgage crisis in the US has now spread far beyond the sub-prime loans that precipitated the crash. As those ill advised loans have gone into foreclosure in massive numbers, the resulting glut of homes on the market has damaged the appraised value of those with standard home loans. Nationally, home values have fallen over 13% and another 10% decrease is being predicted by economists.