In the last crisis there were huge spikes in mortgage defaults as the adjustable rate loans that were common at the time readjusted to higher rates in the months leading up to bottom falling out. I’m not sure if we’re seeing that kind of activity yet.
In the last crisis there were huge spikes in mortgage defaults as the adjustable rate loans that were common at the time readjusted to higher rates in the months leading up to bottom falling out. I’m not sure if we’re seeing that kind of activity yet.