Let's consider a family that bought a home in the last 4-5 years. These homes had sky high prices.
To afford it, a family goes for an adjustable rate mortgage (ARM) and they get a payment that fits in their budget, but doesn't leave much wiggle room.
Now interest rates are towering over 7% and their mortgage could have gone up $500, $1000, or maybe more per month. Ouch.
Major Hayden 🤠/
npub1t6…89yn3
2023-08-16 14:19:03
in reply to nevent1q…k75e
Author Public Key
npub1t643nlunlsnyzusxxrzrn8vfjsjg9t9emqjcv3fw3h225ckvstss389yn3Published at
2023-08-16 14:19:03Event JSON
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