Beyond all that, it looks to me like this is a 5/1 adjustable rate product anyway.

All this to “save” a couple hundred bucks a month. C’mon…we all know most people will buy right up to what they are “qualified” for. I don’t think this product is any better or worse than what is out there already. It is simply designed to delay the inevitable and smoke us out of our holes (us=bubble-heads or jealous bitter renters or whatever we are called, that is) to BUY NOW.

We may be in for a long wait…hope not, but possible I suppose.