The bubble keeps bursting. The mortgage market is only about 1/2 way through the "bust". Sub-prime mortgages were just the first wave, but we are about to feel the next wave ~April 2009. Where sub-prime is soooo 2008, the "Option ARM" and "Alt A" loans will hit in 2009 when their "teaser rates" go up....right around April 2009. Interest rates, the teaser rates, of ~1% are getting rdy to go up to [possibly] 15%. Watch this and learn...