than two years after the question in this thread's OP was posed....it becomes more and more apparent that the answer to it is....yes !!!!<p><br><img src="http://images.salon.com/comics/tomo/2007/09/24/tomo/story.jpg"><p><br>

http://www.usatoday.com/money/econom...pan-debt_x.htm
2/24/2004

<b>Greenspan says ARMs might be better deal</b>

.....He said a Fed study suggested many homeowners could have saved tens of thousands of dollars in the last decade if they had ARMs. Those savings would not have been realized, however, had interest rates shot up.

"consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage," Greenspan said."