US: An economic shock just hit the housing market | Fortune

Started by rcjordan, March 27, 2022, 03:06:33 PM

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rcjordan

March 27, 2022, 03:06:33 PM

ergophobe

#1
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/

rcjordan

#2
March 27, 2022, 05:47:11 PM
> ARMs

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