2 ms·
Only 10% of mortgages are ARMs and a smaller subset of these folks may not be able to afford and forced to sell. This is not going to be the hail mary people ne
by nativespecies 4y ago
Only 10% of mortgages are ARMs and a smaller subset of these folks may not be able to afford and forced to sell. This is not going to be the hail mary people need.
- adam_arthur 4y agoInstitutional investors, flippers, etc almost all use revolving credit lines that adjust with the fed funds rate. Investors have been ~20% of the market in recent days. The smart ones hedged for interest rate risk, but most didn’t