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Adjustable rate mortgages and people who need to move who are now underwater. I couldn’t easily find nationwide stats on ARM issuance, but a quarter of First R
by dsp 5y ago
Adjustable rate mortgages and people who need to move who are now underwater. I couldn’t easily find nationwide stats on ARM issuance, but a quarter of First Republic Bank’s loans are adjustable rate.
https://ir.firstrepublic.com/static-files/1a464a0b-9396-4bd4-b93f-3523a8fcf5e4 https://ir.firstrepublic.com/static-files/1a464a0b-9396-4bd4...
- aidenn0 5y agoWho is buying ARMs? The fixed rate is near all-time lows and is lower than 5/1 ARMs
- throw123123123 5y agoARMs are more risky but its not necessary to generate a mortgage crisis situation. You only need to see higher default rates.