Although the news on the mortgage front in the U.S. press has all been fairly rosy so far this year, this article from The Australian paints a slightly different picture of the U.S. market. It makes the valid point that a lot of people who took out interest-only loans before the crash are now reaching the end of the interest-only period — and many of them are starting to fall behind on payments. If you’re not yet in that boat, but are coming up to the end of your HELOC period, then given the current, really good rates, now might be the time to look into refinancing, before you get into trouble.