https://fortune.com/2022/03/23/housing-market-interest-rate-economic-shock/
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/
> ARMs
Just read last week that people were starting to use those again.