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Thousands brace for mortgage rate jump

Sana Masoud is facing a major increase in her mortgage payments on her Brighton two-family home.
Sana Masoud is facing a major increase in her mortgage payments on her Brighton two-family home. (Globe Staff Photo / Dina Rudick) Globe Staff Photo / Dina Rudick
By Kimberly Blanton
Globe Staff / September 29, 2007

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More than 9 percent of all homeowners in Massachusetts with adjustable-rate home loans, about 10,000 borrowers, are facing larger housing payments when their mortgages reset to higher interest rates over the next three months, suggesting the state will continue to face high levels of foreclosures and loan delinquencies. (Full article: 1025 words)

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