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Homeowners move away from ARMs

Friday, August 08, 2008 - by superuser  

More articles in ebiz/Economy

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Members of the Louisiana Recovery Authority tour the hurricane-ravaged Lower 9th Ward of New Orleans in this Oct. 26, 2005, file photo. The 9th Ward can be brought back largely as it existed before Hurricane Katrina flooded them, a survey contends. (AP Photo/Robert F. Bukaty)AP - Lawrence Jones knew he was taking a chance on interest rates when he agreed to an adjustable-rate mortgage in 2002.



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