I had the same thought but would add there aren't many variable interest rate home loans anymore? If any? This source [1] also says HELOCS or 2nd mortgages are

I had the same thought but would add there aren't many variable interest rate home loans anymore? If any? This source [1] also says HELOCS or 2nd mortgages are only 8% of owners, 1/2 of what they were in 2009. But that was 2018 maybe pandemic upped the %. So to get another 2007 meltdown this thesis would be that a lot of people would have to lose their jobs first. Interest rates going up wouldn't matter if they make the same (or more) money. But could argue collapsing real estate values would cause weak job market. [https://www.socialexplorer.com/blog/post/once-viewed-as-easy-cash-source-second-mortgage-market-collapsed-over-decade-10289 https://www.socialexplorer.com/blog/post/once-viewed-as-easy...]