updated credit-suisse reset chart

[Rich Toscano]

Saw this on Jim’s site:

http://www.snl.com/interactivex/article.aspx?CDID=A-10770380-12086

The article (written by former NC Timeser Zach Fox) also has some good commentary about how the option ARMs may be less of a big deal than anticpated, but “regular” ARMs could be a big problem if interest rates rise.

Rich

[sdrealtor]

Funny that is in line with my long held belief that NCC would bottom around 2012 because the loan of choice around here between 2004 and 2007 was the 5/1 ARM not the Option Arm. With rates as low as they have been many of thosde have been refi’d away or the adjustment has resulted in a lower payment. If rates jumped above about 7.5% in the next couple years that could cause some pain around around here and knock a few more apples off the cart.

[sdrealtor]

Funny that is in line with my long held belief that NCC would bottom around 2012 because the loan of choice around here between 2004 and 2007 was the 5/1 ARM not the Option Arm. With rates as low as they have been many of thosde have been refi’d away or the adjustment has resulted in a lower payment. If rates jumped above about 7.5% in the next couple years that could cause some pain around around here and knock a few more apples off the cart.

[sdrealtor]

Funny that is in line with my long held belief that NCC would bottom around 2012 because the loan of choice around here between 2004 and 2007 was the 5/1 ARM not the Option Arm. With rates as low as they have been many of thosde have been refi’d away or the adjustment has resulted in a lower payment. If rates jumped above about 7.5% in the next couple years that could cause some pain around around here and knock a few more apples off the cart.

[sdrealtor]

Funny that is in line with my long held belief that NCC would bottom around 2012 because the loan of choice around here between 2004 and 2007 was the 5/1 ARM not the Option Arm. With rates as low as they have been many of thosde have been refi’d away or the adjustment has resulted in a lower payment. If rates jumped above about 7.5% in the next couple years that could cause some pain around around here and knock a few more apples off the cart.

[sdrealtor]

Funny that is in line with my long held belief that NCC would bottom around 2012 because the loan of choice around here between 2004 and 2007 was the 5/1 ARM not the Option Arm. With rates as low as they have been many of thosde have been refi’d away or the adjustment has resulted in a lower payment. If rates jumped above about 7.5% in the next couple years that could cause some pain around around here and knock a few more apples off the cart.

[Author]

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