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A comment on US credit card defaults jump to highest level since 2010. Parent comment

Re:US credit card defaults jump to highest level since 2010 by selectodude on Monday December 30, 2024 @03:25PM (#42553111)
All? I’d be shocked if 5 percent of mortgage originations in the US are ARMs.
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Re:US credit card defaults jump to highest level since 2010 by drewg123 on Monday December 30, 2024 @03:33PM (#42553192)
According to https://point.com/blog/arm-report-2024, ARMs were 10-20% of mortgages 2015-2020

So I think the GP has a good point.

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Re:US credit card defaults jump to highest level since 2010 by eightysixfour on Monday December 30, 2024 @03:29PM (#42553152)
They were very low leading into the increased interest rates - 4% in 2021. In 2023 it was closer to 10% of originations.

https://www.investopedia.com/arm-applications-grow-as-mortga...

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