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Financial Planning > College Planning > Student Loan Debt

$1 Trillion Set To Switch

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DID YOU KNOW?

According to a report in the New York Times based on an analysis by Deutsche Bank, in 2007 about 12% of the nation’s mortgage debt–or approximately $1 trillion–will switch to adjustable rate payments. This is up from about $80 billion that will switch this year and some $300 billion due to switch in 2006.