Adjustable Rate Mortgage Resets For 2007-2008
August 13th, 2007 • Related • Filed Under
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
InvestorInsight has an interesting chart of the amount of adjustable rate mortgage resets that will be happening over the next year or so. While we think that there have been an incredible amount of mortgage resets in the past few months the real bubble will be occurring starting in January of 2008. For the period of January to April expectations are that 370 million billion in adjustable rate loans will reset.
Now in reality, most of these loans will be refinanced or kept up to date, but if the credit situation does not get figured out, there are going to many households that are going to be stressed.
Adjustable Rate Loan Resets For 2007–2008
Month Millions January-07 22 February-07 25 March-07 35 April-07 37 May-07 36 June-07 42 July-07 43 August-07 52 September-07 58 October-07 55 November-07 52 December-07 58 January-08 80 February-08 88 March-08 110 April-08 92 May-08 76 June-08 75 July-08 50 August-08 35 September-08 26 October-08 20 November-08 15 December-08 17
I didn't realize all of the various haunted houses in the Columbus area. It really is the dead zone. 
There are a large number of great looking and expensive properties where Montecito Real Estate is concerned but Cleese’s home ...
This happening is a clear illustration of how hard times have struck everyone. It's one way of making the most ...
Comment by Rhea on 13 August 2007:
Wow. Apparently, we haven’t seen anything yet!!
Comment by Robert Coté on 13 August 2007:
Now in reality, most of these loans will be refinanced or kept up to date
Source for this ray of sunshine? Look at the terms of 2/1s in 2005 or 1/1s in 2006 or 3/1s in 2004. Now apply current refi conditions and tell me that a “majority” will accept the rest or be able to refi?
Pingback by Top 10 Cities With Highest Foreclosure Rates - 1st Half of 2007 — The Real Estate Bloggers on 15 August 2007:
[…] at the refinancing numbers that are coming up, these will have to increase in the near term as adjustable rate loans resets will increases in speed. The only saving grace is that interest rates on a fixed 30 year loan are still at […]
Pingback by Good to Go Pile . . . Nike Golf Clinic Day « Trading for the Masses on 15 August 2007:
[…] Adjustable Rate Mortgage Resets For 2007-2008 […]
Pingback by Fed Interest Rate Cut on Housing - Who Will It Benefit — The Real Estate Bloggers on 19 September 2007:
[…] covered the bubble of adjustable rate mortgages that are expected month by month to reset (chart here) and in the next 6 months we should experience the peak. With foreclosures hitting record highs in […]
Comment by John F. on 14 November 2007:
One thing… I think you mean “billions” at the top of your chart there. Which is, of course, 1000 times more terrifying.
Comment by Tom on 14 November 2007:
Thanks John! It is corrected!
T
Pingback by Mortgage - Traditional ARM, Traditional ARM Loan, Traditional Adjustable Rate ... » Mortgage Loan on 3 December 2007:
[…] Adjustable Rate Mortgage Resets For 2007-2008 ? The Real Estate …InvestorInsight has an interesting chart of the amount of adjustable rate mortgage resets that will be happening over the next year or so. … […]
Pingback by LIBOR Not Treasury Rates Hurting SubPrime Borrowers — The Real Estate Bloggers on 12 December 2007:
[…] while the Federal Reserve is doing all it can to head of the tremendous amount of adjustable loan resets on the horizon, their hands are tied by the adjustable rate loans being tied to the Libor rates. And in Europe […]
Pingback by Mortgage quote - Adjustable Rate Mortgage Resets For 2007-2008 ? The Real Estate ... » Mortgage Company on 2 February 2008:
[…] Adjustable Rate Mortgage Resets For 2007-2008 ? The Real Estate …How much will my adjustable rate mortgage payments be? This calculator computes the estimated payments and interest for an adjustable rate loan, … […]