ARMs and Interest Only mortgages factored heavily into that situation. I have a friend who lost a house during the bubble because his ARM went up when he was h

ARMs and Interest Only mortgages factored heavily into that situation. I have a friend who lost a house during the bubble because his ARM went up when he was having financial difficulties. I bought mine a few months before the bubble burst. Fixed rate and a reasonable (at the time) rate. Interest rates have dropped since then but I haven't taken the time to refinance.