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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: John McCarthy who wrote (76989)3/27/2008 7:08:56 PM
From: Broken_Clock  Read Replies (1) of 116555
 
There was a report posted here not long ago(on patron crash thread I thin) from a company that monitors 46,000,000 mortgages each quarter. So we can assume there are at least 46,000,000 mortgages. The average time of ownership in the US is around 5 years so that means the majority of mortgages are much shorter in time. Very few seasoned from 20-30 years ago are left on the books. Especially with the much lower rates these past 5 years.
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