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More Signs of a Housing Bubble?

Standard & Poor's Rating Services is making it more difficult for individuals to obtain adjustable rate mortgages (ARMs).

First, a reminder for bloggers: Carnival of Personal Finance #2 has been published at Blueprint for Financial Prosperity! Bloggers can still submit articles throughout the day. Do it!

Standard & Poor's official stance on the change is that the ARM is the only factor that is keeping the prices of homes soaring.

The S&P foresees many of these borrowers defaulting when interest rates rise and their monthly payments increase 50 to 90 percent.

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