nice bounce ...but .....

Quote from sobemark:

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

this is far from over ...

sorry ..the numbers are in billions per month of resetting ARMS ...
 
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?
 
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