nice bounce ...but .....

Discussion in 'Economics' started by sobemark, Aug 16, 2007.

  1. the adjustables are resetting ...the adjustables are resetting !!!!

    this is far from over ...
    • adj.gif
      File size:
      9.4 KB
  2. sorry ..the numbers are in billions per month of resetting ARMS ...
  3. Don't most ARMS have 2% per year step cap (if prime rate is higher than current % rate) up to a maximum of +6% over the term if the mortgagee does nothing?