### Comment:
The difference is that the majority of loans issued today are fixed rate, where as back then they were ARM. That’s why people suddenly couldn’t afford them and defaulted when their mortgage sky rocketed. That can’t happen when you’re fixed rate

### REPLY:
I have been offered ARMs in the last week. Not everyone has that much of an understanding of what happened in 08. I don't think most people could identify adjustable rates as a factor.

### END.