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Adjustable Rate Mortgages

June 9, 2009

The dollar value of Arm’s (adjustable rate mortgages) that are expected to be reset from their initial interest rate level will peak in August 2011 and is estimated to be $40 billion for that month. Less than $20 billion of Arm’s are expected to be reset this month (June 2009). The previous peak in monthly ARM resets occurred in July-August-September 2008 when $35 billion was reset each month (source: Credit Suisse).

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