Just a reminder spdrun, we must have heard a dozen times after 2005 that “huge number of resets” are happening on variable rate loans at some point in the not too distant future. Not HELOCS, but first loans. And it would result in big things happening. It never did. HELOCs are even less likely to cause a blip. For one, hundreds of thousands of them were called due during the crash, solely because of the lenders’ perception of disappearing collateral. And second, HELOCs issued in the last 4 or 5 years are mostly good, irrespective of the interest rates.
