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He estimates that less than 1% of the mortgages for homes purchased through his agency are seller financed, a far cry from his estimate of up to 25% in the early 1980s, when interest rates were high and buyers were struggling to qualify for mortgages. Weighted average number of shares - basic 50,223 50,192 50,148 Weighted average number of shares - diluted 50,499 50,602 50,553 Three Months Ended - June 30, March 31, 2006 2006 - - Net interest income. Initial rates on ARMs are lower than for comparable fixed-rate mortgages, but the rates can rise.
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