I'm confused. Hitting your trigger rate doesn't necessarily mean you have to sell your home. You may just have to pay more or have discussions with your banker to restructure the deal (which means you'll have a longer mortgage and the banks still make money off you). What does trigger rate mean to some of these people?
This situation might hurt more people who went all FOMO earlier in the year and have less equity in their home to figure things out, but I think anyone who has had a mortgage for a year or longer wouldn't have too many major issues with a reasonable restructuring of their deals with a lender.
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