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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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[–] • 1 pt

I meant a more traditional 30 year fixed, not the ARM you keep calling fixed.

[–] • 0 pt

Which bank/lender ste you thinking of?

[–] • 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.