Mohacsy's Safe Portfolio Member Forum

[elena_murooni]

Court, what does that do to the grandiose amount of Re-sets in mortgages that are rolling onto the stage? If I understand the re-cast (setting of higher mortgage payments) and the re-sets (re-setting the interest rates), the two things could occur:

1) the re-cast's are forced to look for refinancing or accept the higher payment and

2) the re-sets are forced to shop in a higher interest rate market (established by the 10yr).

Is the interest rate market (given all the auctions in our future) naturally moving up or could it be partially setting up to grab the resets & recasts?

We will ever know what Geithner said?