I think the other angle is people just simply move into a different loan product for example 10/1 arms. This might seem like a bad product but is it? For example I took out a 30 year loan originally refinanced 30-year a few times and then refinance to a 15 year at the end of it I paid off my loan in 10 years. 10/1 probably would have been okay for me, might have been better
