And here is the REAL meat regarding all those ARMs that are going to be resetting over the next few years.
Here is a graph of the amount in dollar value of ARM resetting projections on the left, and then, on the right, the amount of anticipated "shock" those ARMs could move up if current projections hold.
The story where this came from is here:
http://www.cnbc.com/id/26529207/site...t%7C&par=yahoo
According to this article, while it may look temporarily like the home mortgage crisis is bottoming out, this is only a slight reprieve and breather, before the big shock waves hit ARM holders in 2010 and 2011.
If this data is correct, we're in for some real tough times ahead in the real estate market.
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