Almost every day now in the news you hear about what is happening with ARMS. Even as I was flipping through channels on this past Sunday, the morning national news on Fox were talking about the housing industry. Is it a bubble or not? Are the majority of the people with ARMs even understanding what is happening? Personally, I would say no they are not. Why? Because they were not fully informed prior to obtaining the house about their options eighteen months before the ARM went into affect. If people knew they could refinance after a certain period of time, do you think they would do it? I do. Do you think people are uninformed about all of the options regarding ARMs?
