nice bounce ...but .....

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

  1. sobemark

    sobemark

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

    this is far from over ...
     
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    #1     Aug 16, 2007
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  2. sobemark

    sobemark

    sorry ..the numbers are in billions per month of resetting ARMS ...
     
    #2     Aug 16, 2007
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  3. Trendytrader

    Trendytrader

    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?
     
    #3     Aug 16, 2007
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