[nativespecies]

Only 10% of mortgages are ARMs and a smaller subset of these folks may not be able to afford and forced to sell. This is not going to be the hail mary people need.

[adam_arthur]

Institutional investors, flippers, etc almost all use revolving credit lines that adjust with the fed funds rate.

Investors have been ~20% of the market in recent days. The smart ones hedged for interest rate risk, but most didn’t