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Mortgage rates aren't going down until next year


Aquaman

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1 minute ago, gudboy said:

7 years ARM meeda chala mandi unnaru currently...decade varaku ilage unte rakta kanneru untadi ARM holders ki

Enduku ARM usual ga interest rates takkuva untai ga?

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1 minute ago, gudboy said:

7 years ARM meeda chala mandi unnaru currently...decade varaku ilage unte rakta kanneru untadi ARM holders ki

Typically 7 years ARM holders would pay off loan in 7 years anna.. 

 

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11 minutes ago, JANASENA said:

Enduku ARM usual ga interest rates takkuva untai ga?

They are cheaper than 30-yr but based on existing interest rates.

Ppl who took 5yr (2018-2019) and 7 yr ARM (2016-2017) will be forced to refinance at existing rates which will be too expensive. But IMO, there wont be many ppl. Most ppl refinanced during 2020-2021. So these ARM's will become problem between 2025 and 2027.

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