Deluge of mortgage interest rate resets ahead
"The ARM resets will hit hard the subprime borrowers and therefore we have a huge amount of trouble ahead of us," said Torsten Slok, senior economist at Deutsche Bank in New York.
Thursday: Housing Starts, Unemployment Claims, Philly Fed Mfg
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Thursday:
• At 8:30 AM: The *initial weekly une...
3 hours ago
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