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Assertion requires evidence. This graph disagrees with you: https://fred.stlouisfed.org/series/MORTGAGE30US https://fred.stlouisfed.org/series/MORTGAGE30US
by glitchc 5y ago
Assertion requires evidence. This graph disagrees with you:
https://fred.stlouisfed.org/series/MORTGAGE30US https://fred.stlouisfed.org/series/MORTGAGE30US
- ILMostro7 5y agoThat's the mortgage interest rate, not the percentage of 30-year fixed rate mortgages vs. ARM. Categories > Money, Banking, & Finance > Interest Rates > Mortgage Rates Unless you're not arguing against the last part of the parent comment...
- dragonwriter 5y ago> This graph disagrees with you: No, it doesn't. That's a chart of the average annual interest rate of 30 year mortgages, not the share of mortgages that are 30 year mortgages. EDIT: The Mortgage Bankers Association does regular press releases of stats [0], and in them recently ARMs seem to be 3-3.5% of applications. [0] e.g., https://www.mba.org/2022-press-releases/january/mortgage-applications-increase-in-latest-mba-weekly-survey https://www.mba.org/2022-press-releases/january/mortgage-app...
- quickthrowman 5y agoThat is a chart of the interest rate of 30 year fixed rate mortgages in the United States. What does that have to do with the ratio of fixed rate to adjustable rate mortgages?