June 20, 2005
Interest-Only Loans Across the US
Top cities for risky, interest-only mortgages - BusinessWeek Online - MSNBC.com
1. San Diego 47.6%
2. Atlanta 45.5%
3. San Francisco 45.3%
4. Denver 43.4%
5. Oakland, Calif. 43.1%
6. San Jose, Calif. 41.1%
7. Phoenix-Mesa 38.3%
8. Seattle-Bellevue-Everett 37.2%
9. Orange County, Calif. 37.0%
10. Ventura, Calif. 35.3%
The national average is 22.9%. New York came in at #40. (Click the link for all the data.)
Wow those are some significant numbers. I wonder what impact this will have in the near future.
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