http://www.mortgagenewsdaily.com/9152006_Mortgage_Delinquency.aspThe results are too subtle (and also presented in an incredibly confusing format) to determine if rate shock is starting to take its toll on American homeowners, but, looking beyond the cheerful lead paragraph, "The delinquency rates for mortgage loansenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/9152006_Mortgage_Delinquency.asp#7858Thu, 12 Oct 2006 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:7858Gary AndersonArm refi&#39;s may be delayed because the fed may not be able to lower interest rates very soon because of inflation. The minutes of the fed reveal this grave concern. Not that I believe they could ever cut rates far enough to help the majority of arm folks wanting to refinance anyway. But the fed is between a rock and a hard place. This perfect storm could cause a major real estate crash coupled with loss of jobs in the RE sector and other related sectors. <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=7858" width="1" height="1">http://www.mortgagenewsdaily.com/9152006_Mortgage_Delinquency.asp#7857Fri, 15 Sep 2006 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:7857Home Equity Mortgage GuidePeople really need to start looking at ARM&#39;s with more of a respect for the risk. If you are going to take an ARM you might consider making sure you have an emergency fund for when those rates rise just out of reach. It is going to be interesting to watch the trends of the consumer when applying for a mortgage, and track which path they take now. It will be also interesting to watch lenders and brokers in how they market these loans in the future. <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=7857" width="1" height="1">