CMT Team·General·October 25, 2006U.S. Foreclosures Skyrocket When variable (or teaser) rates rise and payments go up, it’s not a pretty picture for the cash strapped. That’s what’s happening south of the border where mortgage analysts predict 1.3 million foreclosures this year. That’s a staggering 53% more than in 2005. MSNBC Story Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.