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> hurting mortgage holders How does raising rates hurt mortgage holders? They locked in their interest rate when they got the mortgage?
by what 15d ago
> hurting mortgage holders
How does raising rates hurt mortgage holders? They locked in their interest rate when they got the mortgage?
- metajack 15d agoNot all mortgages are fixed rate.
- carefree-bob 15d ago95% of mortgages are fixed rate in the US. And even that number is too low, most of the ARMs are taken out by businesses, not households.
- HWR_14 15d agoIt's not good for the economy when no one is willing to move for the next 20-30 years. And it's not good for the people who are unable to move to chase a better job as well.