[quote=FormerSanDiegan]Mish’s article is consistent with what I have been saying for the past year and a half.
Option ARMs are toast, but all the other traditional ARMS, alt-A’s, and IOs are not as big a deal because the rate recasts are based on currently low interest rates.
But if all they’re paying is interest and now have the pay the whole shebang, then that’s going to be a little tough for some people, even though the rate is low.
