Thursday, March 30, 2006

ARMs

CNN's doing a little bit about the impact of rising interest rates on adjustable rate mortgages. I'm guessing we're hitting the point where a fairly big wave of ARMs are becoming untethered from their initial loocked-in rates. Also, interest rates on variable rate home equity loans are heading up...

Somewhat related, the real danger to the economy going forward is the softening construction market.