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What's worst is that the mortage companies' won't refinance loans to fixed rates because the people that had adjustable loans no longer can afford the increased interest rate. Yet those same mortage companies are looking for a bail out to the problem they helped start. If they want to really stop the foreclosures that are killing their bottom line they need to help by refinancing the adjustable ratses, if they don't they are hurt themself and losing more money in the long run.
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