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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Dan3 who wrote (77010)	3/28/2008 7:14:22 AM
From: John McCarthy	Respond to of 116555

Dan Good stuff! - had no idea ....! Regardless, it's worth noting that the average household moves about every 7 years, so that half of all mortgages are less than 7 years old (and refies takes that even lower). ARMs were running about 40% for most of that period, and there was some percentage in the earlier half, so my understanding is that the total number of homes with ARMs is closer to 12 million than 5 million. this puts a whole different light on things .... there is shotgunning and shotgunning .... I think your being logical. Again, thanks for posting the above .... If I bump into better numbers along the way I will post here and you ... regards, John