Every time you post this info I can't help but have the same reaction of "wow, this is the US market in 2008!"
When all those ARM loans go variable rate it will be real interesting how things play out.
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Every time you post this info I can't help but have the same reaction of "wow, this is the US market in 2008!"
When all those ARM loans go variable rate it will be real interesting how things play out.
So true. Aussies underestimate the interest rate risk they carry. It will be fine until rates rise because they don't automatically adjust higher, but any changes by the RBA or in the bond market have an immediate effect.