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Do all those ARM's blow up the economy?

Do house prices fall, lowering taxes, which fucks City/County/State budgets?

ELI5, what would a 1-2% raise in the interest rates do to US housing?

Do all those ARM's blow up the economy? Do house prices fall, lowering taxes, which fucks City/County/State budgets? ELI5, what would a 1-2% raise in the interest rates do to US housing?

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[–] • 0 pt

Name one, I will pull out their product list.

[–] • 3 pts

I'm legitimately confused by the question. Every single National & Regional bank I've ever seen offered 15 & 30 year fixed mortgages.

Just pick the top 5.

[–] • 0 pt

So you don't think I'm cherry picking by knowing any particular banks products, name one and I will pull up their site to proceed with this discussion.

[–] • 0 pt

Ok. I'll pick the worst one I can think of - Wells Fargo.