Change in 10-year Treasury yield over entire tightening: 0.36 percentage points
We’ve already gone from 1.37 to 2.49 which is a bigger move in the ten year than most cycles.
An argument could be made that Bernanke was trying to show who was in charge (his own man vs Greenspan) and went too far. With the ARM loans of that era, this was one reason many mortgages reset and partly feed the negative feedback loop with foreclosures as those with ARMs couldn’t keep up.
More recently ARMS are used more for high end purchases: so if interest rates spike, foreclosure risks would be with a different market segment:
