3 ms·
Dec 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 mana
by sokoloff 4y ago
Dec 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...