3 ms·
When have adjustable rates for the same property and money down been higher than fixed? They'd sell approximately zero adjusted rates if that ever happened.
by pc86 4y ago
When have adjustable rates for the same property and money down been higher than fixed? They'd sell approximately zero adjusted rates if that ever happened.
- sokoloff 4y agoDec 2008-May 2009 and July 2020-Feb 2021 (for much of early pandemic, I was looking to refinance to lock in an even lower rate that I already had; I didn't manage to lock in the absolute low, but ended with ~3%) https://fred.stlouisfed.org/series/MORTGAGE30US https://fred.stlouisfed.org/series/MORTGAGE30US https://fred.stlouisfed.org/series/MORTGAGE5US https://fred.stlouisfed.org/series/MORTGAGE5US You do see a sharp reduction in ARM mortgages as a share of total with the interest rate reductions post 2008: https://i2.wp.com/financialsamurai.com/wp-content/uploads/2022/03/adjustable-loans.jpg?fit=1456,9999 https://i2.wp.com/financialsamurai.com/wp-content/uploads/20...