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Worst may be yet to come in foreclosure crisis

Economy still paying price for collapse of housing boom

Four years after the housing market collapse triggered a wave of defaults, the worst may be yet to come for homeowners, and minorities are most at risk, according to a new study.
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Nov 19, 2011, 3:09 am
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If you’re a homeowner with an adjustable-rate mortgage (ARM), you may choose to lock into a fixed rate if you anticipate rates will be going up soon, thereby stabilizing your monthly payments. I have used 123 Refinance to compare refi rates.

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