The Core

Why We Are Here => Economics & Investing => Topic started by: rcjordan on March 27, 2022, 03:06:33 PM

Title: US: An economic shock just hit the housing market | Fortune
Post by: rcjordan on March 27, 2022, 03:06:33 PM

https://fortune.com/2022/03/23/housing-market-interest-rate-economic-shock/

Title: Re: US: An economic shock just hit the housing market | Fortune
Post by: ergophobe on March 27, 2022, 05:17:29 PM

The good news, fewer and fewer people have ARMs.

For much of 2020, the starting rate on ARMs was actually *higher* than on 30year fixed. That reduced the appeal a fair bit...
https://www.bankrate.com/mortgages/arms-disappear-from-mortgage-market/

Title: Re: US: An economic shock just hit the housing market | Fortune
Post by: rcjordan on March 27, 2022, 05:47:11 PM

> ARMs

Just read last week that people were starting to use those again.