Traders Laboratory - View Single Post - Mortgage crisis in the US...
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Old 08-27-2007, 11:43 AM
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Re: Mortgage crisis in the US...

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Most arms were 5 years, considering the big buying spree didnt happen until 03/04 we havent even started the resets yet.
Great point Darth.

This is just the start. It really is going to be interesting to see what happens - either the gov't steps in as many are begging them to do (not sure how though) or we see A LOT of foreclosures.

From a possible money making opportunity though... those with cash and good credit will be king here. Looks like there could be a possible housing upgrade in the brownsfan019 household possibly...

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