Real estate investors: The party's over!

Ed Kashmarkek, an economist for Wells-Fargo, has a new report on
consumer credit, mortgages, credit card deliquency rates, etc. and says
the party may be over, but the sky is not falling. Adjustable rate
mortages now make up more than one third of all mortgages. The fear is
that rising interest rates will overwhelm the many people who have
already borrowed all they can handle, and are now in for "payment shock"
with ARMs driving payments up even more. N