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» Rising Interest Rates Not Expected to Stress Subprime ARM Borrowers, Even If Income Gains Are Sluggish
Rising Interest Rates Not Expected to Stress Subprime ARM Borrowers, Even If Income Gains Are Sluggish
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Rising interest rates will not be a major concern for the U.S. economy or securities pools backed by adjustable rate mortgages, even though borrowers are likely to face rising debt obligations, according to researchers at Standard & Poor’s.