In article .com,
wrote:

"Tell me all about it after 11 straight increases in the federal
interest rate, and no end in sight for interest increases. Folks
who don't re-fi to a fixed loan right now risk having their
payments go up so high that they can no longer afford the houses
that they are in. "

And that has exactly what to do with interest only loan vs a loan where
you are paying down the principal? You're arguing fixed vx adjustable
rate, which is an entirely different matter.

Most interest-only loans that I have seen are adjustable
rate loans. The rate of interest will keep going up over
time since the fed is positioned to keep raising interest
at every opportunity through 2005 and well into 2006.

-john-

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John A. Weeks III 952-432-2708
Newave Communications http://www.johnweeks.com
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