If I read the numbers right, 65% of the mortgages in the 22901 Zip Code (the major Charlottesville Zip) are ARMs. Is this opportunity getting ready to knock (for those real estate investors out there) or a major, major issue we need to get a handle on?
Thanks to the Calculated Risk and the Federal Reserve.
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Interesting stats, Jim–which I just found by clicking on your sideblog.
Do you have any update on this? Insight?
Quite a thing to put off on the side!
Looking forward to your 1Q info on Monday.