Interest Rate Hikes Cause SURGE in Risky Mortgages
September 25, 2022
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10:07Now PlayingInterest Rate Hikes Cause SURGE in Risky Mortgages
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as posted by the channelMore people are choosing adjustable rate mortgages because the Federal Reserve has raised interest rates. Ana Kasparian discusses on The Young Turks. Watch LIVE weekdays 68 pm ET.
Read more HERE
"Mortgage rates surged past 6% this week, pushing already pricey homes further out of reach for many borrowers.
Discouraged buyers might choose to hold off, betting that prices and rates will drop in the years ahead as the market cools and inflation slows, as some economists predict. For those who want to move sooner, an adjustable-rate mortgage is one way to do so, buying with lower payments now and refinance when rates are better.
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