Comment by what
18 hours ago
> hurting mortgage holders
How does raising rates hurt mortgage holders? They locked in their interest rate when they got the mortgage?
18 hours ago
> hurting mortgage holders
How does raising rates hurt mortgage holders? They locked in their interest rate when they got the mortgage?
It's not good for the economy when no one is willing to move for the next 20-30 years. And it's not good for the people who are unable to move to chase a better job as well.
Not all mortgages are fixed rate.
95% of mortgages are fixed rate in the US. And even that number is too low, most of the ARMs are taken out by businesses, not households.