Did it occur to you that many of the resets that have been happening have lowered people’s interest rates. My best friend had his 5/1 ALT A ARM reset about 6 months ago and the rate dropped about 1.5%. His monthly payment which was already very affordable for him dropped hundreds of dollars a month. He was so excited he went out and bought a new BMW after it reset. The funny thing is his lease expired on his old one and he got a nicer/new one which he bought instead of leasing again because his payment was less than his old lease with minimal money down. These are easy credit days for folks with assets and income.