“About $460 billion of adjustable-rate mortgages are scheduled to reset this year, with the next spike in resets coming in 2011, when $420 billion in mortgages will adjust to new interest rates for the first time, according to New York-based analysts at Citigroup Inc.”
That prediction concerns me the most. Some here have suggested that 2010/2011 may be the time to buy. This could throw a wrench in that theory.
