pepe

Second Round of Massive Deleveraging About to Hit U.S. Banking System?

Every reference to mortgages resetting allude to them being reset at higher rates which is definitely not the case for those mortgages tied to LIBOR or the "weekly average yield on U.S. Treasury securities adjusted to a constantmaturity of one year". With both of these rates at a near all time low, the home owners are seeing drastic reductions in their currently resetting ARM monthly payments.
Why is there so little mention of this considerable reduction in monthly ARM rates which produce euphoric results for the effected home owners?