SUBPRIME ARM LOAN RATES

SUBPRIME ARM LOAN RATES

Almost half of subprime ARM loans are concentrated in a handful of states, which are expected to suffer increasing foreclosures as the loans reset to higher rates.

For the full story, visit http://www.usatoday.com/money/economy/housing/2008-01-03-real-estate-2008_N.htm

The following is a list of states with the highest percentage of the nation's subprime ARMs:


California 17.3%

Florida 12.3%

Texas 5.7%

Illinois 4.9%

Michigan 3.6%

New York 3.5%

Georgia 3.3%

Maryland 2.9%

New Jersey 2.7%

Pennsylvania 2.7%

Washington 2.6%

Virginia 2.4%