ARMs can beat fixed-rate mortgages, but riskier - 2004-02-27
Federal Reserve Chairman Alan Greenspan’s comment this week that Americans' choice for fixed-rate mortgages means many are paying more than necessary for their homes underscores what more than one-quarter of all mortgage holders have come to realize -– guarantees don’t come cheap.

Mortgage broker Ellen Bitton is among those who trumpet the potential savings on adjustable-rate mortgages, or ARMs.
Read the full story at CNBC

Record debt but interest rates set to hold - 2004-02-27
Australian household bank debt climbed by a record $23 billion, or 5 per cent, in the December quarter of 2003. That debt increased even as interest rates rose and housing prices in the two biggest cities stabilised.

Households reducing their equity through reverse mortgages helped the stock of household debt to the banks rise by more than $75 billion or 18 per cent last year.
Read the full story at Melbourne Age