Okay banks will never stabilize, If the current rate continues, they will have huge amount losses because %99 mortgages are around 0%, but they need to borrow at 6%, the fed cannot drop the rate because it will cause hyperinflation, but If fed does not drop the rate, then including the giants one, all banking system will COLLAPSE. Especially, the US will get duck with 30-year mortgages, in other developed countries, the people going to suffer and the home market COLLAPSE.