Time goes on. Option ARMs continue to ripen. So have hybrid 1, 3, and 5 years ARMs. I doubt most homeowners have been be able to refinance as either they or their residence won’t qualify.
So far ARM issues have largely out of sight as their index rates have been held at record lows.
This could change radically if interest rates rise which is seeming more likely as price inflation seems to be taking hold and the dollars credit rating continues to deteriorate.
Does anyone have a source for what percentage of current mortgages are now operating in ARM mode?
