Thanks, shape looks similar, although a large movement into...

Thanks, shape looks similar, although a large movement into 2012.

The site the first chart was from is a bit sensationalist.

There will always be mortgages, interested in the new terms, how severe are the resets these days, how much of the existing were renegotiated on better terms? Of these, any new mortgages started would be from cheaper housing purchased in downturn.

However, at this stage, do get a 4yr cycle low mid next year, how low depends on how the 4q cycle evolves.