What caused the home mortgage rates to sky rocket, causing people being unable to pay their monthly mortgages?

The recession was caused by people being unable to pay back their home mortgages because the mortgage rates were too high?
Banks were not getting their money back from home owners, causing a credit crunch, thus they were unable to lend money to big businesses.
Big businesses then had to cut back on expenses and began to [...]

using monthly mortgage calculator part 1

Part 1 of tutorial video showing how to use the features of the monthly mortgage calculator found at www.mortgagegizmo.com . Part 2 of the monthly mortgage calculator tutorial is located here www.youtube.com

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