And anyone taking an ARM for more than a year is sitting on a powder keg.
Maybe. I said exactly that a couple years ago and I was wrong. I won’t be wrong forever, but it could be a while longer.
On Individual Mortgages? - your whistling Dixie.
When it does happen it is collapse no matter if you had short or long term debt.
Not for those on fixed interest rates or those having no mortgages or better yet no debt.