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Fixed-rate mortgages are government-subsidized by a range of mechanisms (Fannie, Freddie, FHA, etc) Adjustable-rate mortgages are not.
by hapless 5y ago
Fixed-rate mortgages are government-subsidized by a range of mechanisms (Fannie, Freddie, FHA, etc)
Adjustable-rate mortgages are not.
- JackFr 5y agoAs a banker I am perfectly indifferent whether I make a fixed rate loan or a an adjustable rate loan to the borrower. I look my cost of funds, tack on my spread and that is the price you pay.