Apologies for going off topic...<br><br>I don't know what your ARM loans are (something to do with an arm and a leg? ) but I just think it is plain crazy and stupid that some loan providers here are offering 100% loans i.e. they lend you the 100% value of the property. It used to be that you could borrow a maximum of 80% of the value of the property.<br><br>Our Reserve Bank has just raised the official interest rate by .25% and there is much talk about a significant rise in loan defaulters. Seriously!!! We are only on about 6.5% to 7.5% interest and this is happening?!?! Many years ago we hit rates of 16-17% and families somehow survived.<br><br>