Quote:
Originally Posted by chemgear
Man if rates climb 10%, that 10:1 ratio means mortgage payments literally double on a monthly basis. (I don't really see that happening soon.) But even just a 2% raise in say a year or two would be a 20% jump - not sure many people would be getting enough of raise to keep up at that pace.
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Are you ever going to understand that not everybody's mortgage is up for renewal next year?
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