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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: dpl who wrote (44872)11/6/2005 12:23:33 PM
From: loantech  Respond to of 110194
 
I don't think so as these loans reset if it is to a higher rate all other rates will have gone up also. Fixed other ARMS etc.



To: dpl who wrote (44872)11/6/2005 1:12:37 PM
From: Ramsey Su  Respond to of 110194
 
This raises an important question.Can these people simply refi before resets into another low rate?

absolutely, and that has been happening. I believe that is the reason why fixed/ARMs ratios are swinging toward fixed again.

However, they will be looking at these rates now vs before.
countrywide.com



To: dpl who wrote (44872)11/6/2005 10:40:08 PM
From: steve from ihub  Respond to of 110194
 
many wont be able too as they lived the american dream and overbought on house compared to what they could afford. they couldnt afford fixed then and now that rates have risen a tad its highly unlikley they can now


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