What About Option Adjustable Rate Mortgages?

Discussion in 'Wall St. News' started by MrDODGE, Feb 22, 2009.

  1. Is everyone who is calling for a second half of this year rebound forgetting about this chart?

  2. Yes, we are all desperately trying to forget that chart. ;)

    Of course, given that both the monthly payment and the principal on Eastern European mortgages resets every time the exchange rate changes, these option adjustable resets may be the least of our worries.
  3. Who the hell is calling for a rebound the second half of this year?
  4. A lot of people actually
  5. Might be one, but should be only a "Wave 2" correction.

    THE bottom... is more likely 2014-16.... if we survive that long.