Aren’t most of the resets at – Piggington's Econo-Almanac

January 30, 2008 at 11:56 PM #146118

Participant

Aren’t most of the resets at risk based on initial teaser rates rather than market rates at time of origination?

Sure, rates are down a bit, but if your variable was originally based on market, the pending reset probably wasn’t going to break you anyway.

This has been posited a few times now, so I was just curious.