>It has nothing to do with the prime rate, and I have no idea where you got that idea. Everything you say is true, but its also true over 90% of subprime loans

>It has nothing to do with the prime rate, and I have no idea where you got that idea. Everything you say is true, but its also true over 90% of subprime loans were ARMS (adjustable rate mortgages)[1], leading to the subprime mortgage crisis, where the interest rates started off below prime and gradually increased to over prime to compensate for the risk of the borrower. https://en.wikipedia.org/wiki/Subprime_mortgage_crisis https://en.wikipedia.org/wiki/Subprime_mortgage_crisis