Salomon Brothers Emerging Market Floating Rate Fund buys adjustable-rate bonds from emerging-market companies and countries.
But a huge of recent loans are adjustable-rate mortgages because of those teaser rates.
The average rate on a five-year adjustable-rate mortgage rose to 2.68 percent from 2.61 percent.
This would reduce the reset rates adjustable-rate subprime mortgage holders would have to pay.
Thornburg (nyse: TMA - news - people ) deals in large, adjustable-rate mortgages.
They understand that the teaser rate of an adjustable-rate mortgage is exactly that, a teaser.
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It also tightened its credit guidelines and stopped selling some types of adjustable-rate loans.
Interest rates on adjustable-rate mortgages, for instance, use the Libor rate as a reference.
Five-year and one-year adjustable-rate mortgages required an average 0.7 percentage point and 0.6 percentage point payment, respectively.
The average rate on a one-year adjustable-rate mortgage slipped to 2.62 percent from 2.63 percent last week.
FirstFed's main product: option adjustable-rate mortgages, those that jump in rates to unaffordable heights following low fixed ones.
The CFPB is concerned that some loan officers may be promoting fixed-rate, lump-sum reverse mortgages over adjustable-rate loans.
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Homeowners who took the risk of subprime and adjustable-rate mortgages increasingly cannot make higher payments as their loans reset.
Mortgage rates are at a 43-month high, and many consumers have adjustable-rate mortgages.
The fee for one-year adjustable-rate loans edged down to 0.3 from 0.4 point.
Five-year Treasury-indexed hybrid adjustable-rate mortgages, or ARM, averaged 2.88%, up from 2.85% yet below 3.77% of a year ago.
The five-year Treasury-indexed hybrid adjustable-rate mortgage, or ARM, averaged 2.86%, down from 2.88% last week and 3.75% a year ago.
She and her husband, both in their late 20s, bought their first house two years ago with an adjustable-rate mortgage.
The year was 2005 and financing was easy to come by, if you were willing to get an interest-only adjustable-rate mortgage.
Add the likelihood of some 1m more repossessions as adjustable-rate mortgages are reset, and you have the makings of a housing glut.
Some 2 million adjustable-rate mortgages, or ARMs, are due to reset to higher rates this year, making monthly payments unaffordable for many.
Among the most popular were variations on the adjustable-rate mortgage, or ARM.
The average rate for one-year adjustable-rate mortgages declined to 6.86%, from 6.93%.
Borrowers were unable to pay the "reset" amount on their adjustable-rate mortgages.
Like the mortgage market, the municipal bond market has morphed into its own new era of highflying finance, adjustable-rate loans and complex securities.
First, the rates on loans paid by many consumers (adjustable-rate mortgages, for example) and companies are set with reference to the money markets.
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Golden West specializes in adjustable-rate mortgages and had a long track record of surviving real estate booms and busts because of its conservative lending philosophy.
Adjustable-rate mortgage loans are scheduled to reset this summer and fall.
According to a comprehensive report just released by Democrats on Congress' Joint Economic Committee, 1.8 million hybrid adjustable-rate mortgages will reset within the next two years.
"What's going on in these four states is, first of all, they tend to have very high levels of adjustable-rate mortgages, " says Doug Duncan, chief economist for the association.
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