One of the trigger points for the financial crisis of 2007-2009 was that subprime borrowers defaulted when the interest on adjustable-rate mortgages went up.

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As interest rates on adjustable-rate mortgages increased, many subprime borrowers were no longer able to make their mortgage payments which led to a wave of defaults and foreclosures that ultimately contributed to the financial crisis.

One of the Trigger Points for the Financial Crisis of 2007-2009