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198

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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[–] • 3 pts

..all of them? I've never seen a mortgage lender that didn't have the most basic 15 or 30 year fixed rate.

The ARM's are modern financial sophistry, arguably the primary reason housing prices are so fucked and contributed significantly to the 2007-2008 fiasco.

[–] • 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.