Beware These Home Loans

摘要

Trying to buy the house you love best? A new breed of mortgages offers the lowest monthly payments ever. There's a catch, of course. Cheap loans are putting a world of money into buyers' hands, who are using it to bid prices up. The National Association of Realtors reports annual, double-digit gains in 66 of 136 metropolitan areas—the highest number ever—as well as record sales. The new mortgages help you buy your house, but at a higher cost and with more debt.