"There are still at least 128,000 other shoes to drop in the Arizona housing market, according to housing experts tracking the progress of adjustable-rate mortgage loans.
Adjustable-rate 'resets,' in which a low initial interest rate changes to a typically higher rate, represent a looming threat to the state's economic recovery, some real-estate analysts said.
Once the monthly payments on those loans increase, so does the possibility of foreclosure."
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128,000 ARMs yet to 'reset' in Ariz.
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