Hey, how about going back to the original article that RK "borrowed" his info from, written almost 3 YEARS AGO?
Monthly Mortgage Rate Resets, 2007-2016 - The Consumerist
Please read the link above-- it makes some excellent points that RK chooses not to discuss (ie, the fact that most of the resets occurring right now, and next year, are option-Arms and Alt-As, NOT subprime loans).
-Russ H.
Here is the detailed graph (note that it even has the same label (Figure 1.7), but contains so much more info. BTW, I copied/pasted both graphs and overlaid them-- they are identical:
Monthly Mortgage Rate Resets, 2007-2016 - The Consumerist
Please read the link above-- it makes some excellent points that RK chooses not to discuss (ie, the fact that most of the resets occurring right now, and next year, are option-Arms and Alt-As, NOT subprime loans).
-Russ H.
Here is the detailed graph (note that it even has the same label (Figure 1.7), but contains so much more info. BTW, I copied/pasted both graphs and overlaid them-- they are identical:
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