This Brain Trust Is Really SmartingDean Foust
FOR HOMEOWNERS ANXIOUSLY watching their adjustable-rate mortgages shoot up, take comfort: Many members of the Clinton Administration's economic brain trust share your pain. A BUSINESS WEEK survey reveals that a goodly number of them have adjustable-rate mortgages, including Treasury Secretary Lloyd Bentsen. He chose an ARM late last year just as fixed-rate loans hit their lowest point in 20 years.
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