Writing in the Business Week real estate blog Hot Property, Peter Coy calculates that only about 4% of homeowners will have their mortgages reset in 2006. He arrives at this number by crunching some data from the recently released Harvard 2006 Housing Study:

Here’s the math: Only about two-thirds of homeowners carry a mortgage at all. Of those, only about one-quarter have adjustable-rate mortgages. And of those with adjustable-rate mortgages, only about one-quarter are scheduled to reset their rates in 2006. That’s one-quarter of one-quarter of two-thirds, which Excel tells me is 4%.

In addition, Coy notes that only 3% of people have less than 5% equity in their homes and 87% have at least 20%.
Only 1 in 20 Rates to Rise [Hot Property]