Sunday, June 28, 2009 7:24:55 PM
I totally forgot about that!!! Thanks for reminding me. I'll have to get my chart now.
Notice last time it was mostly the subprime arms. Now its the prime arms and option arms in 2010! So if the arm adjusts to over 7% we could have the same mess all over again!
I'm sure borrowers got 4% rates on the 5/1 arms..so those might jump to 7+ % next year!
Notice last time it was mostly the subprime arms. Now its the prime arms and option arms in 2010! So if the arm adjusts to over 7% we could have the same mess all over again!
I'm sure borrowers got 4% rates on the 5/1 arms..so those might jump to 7+ % next year!
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