[quote=jpinpb]Did you see Page 32, As of May 2009, Percent of ARMs……To Reset Next 24+ Months, 40.4%.
Inventory for San Diego county, according to SDL is 16,040.[/quote]
5-year ARMs that originated in 2005 with typical start rates of 5.5-6% would require today’s 12-month LIBOR rate to triple for the new rate to exceed the start rate …
