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ARM revival: there is little doubt rates will be subject to upward pressures. Be prepared to help arrange ARMs when interest rates inevitably rise. (Seiders Economy).

Publication: Builder
Publication Date: 01-DEC-02 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
INTEREST-RATE DEVELOPMENTS DURING 2002 have been striking, and 2003 is likely to be an interest-rate adventure as well.

There's little doubt that rates will be subject to upward pressures next year, following large reductions this year. Changes in the rate structure may well improve the competitive position of ARMs. Savvy builders should be ready to help arrange ARM financing for prospective buyers.

SHIFTING INTEREST RATES

Although the Federal Reserve was holding monetary policy steady, longer-term yields fell...

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