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Ep 10: The Resurgence of Adjustable-Rate Mortgages
Manage episode 324842363 series 3012587
Treść dostarczona przez Bill Litton. Cała zawartość podcastów, w tym odcinki, grafika i opisy podcastów, jest przesyłana i udostępniana bezpośrednio przez Bill Litton lub jego partnera na platformie podcastów. Jeśli uważasz, że ktoś wykorzystuje Twoje dzieło chronione prawem autorskim bez Twojej zgody, możesz postępować zgodnie z procedurą opisaną tutaj https://pl.player.fm/legal.
With inventory still low, the market is still rough out there for buyers. At the same time, interest rates are rising with inflation proving to be a bigger issue than anticipated. On today’s episode, we are going to discuss a CBS article that relates to some of these issues. With rising interest rates are borrowers returning to adjustable-rate mortgages, a staple of the 2008 housing market crash?
We’ve certainly been asked about these mortgages more recently as people try to maintain the interest rates we saw 6 months ago. But when we go through the full analysis there’s not enough disparity between a fixed rate and an adjusted rate to make a lot of sense right now. Join us today as we discuss adjustable-rate mortgages, how they impact the market, and what we can expect to see going into the future.
CBS Article: https://www.cbsnews.com/news/mortgage-rates-4-percent-adjustable-rate-mortgages-housing/
TIMESTAMPS:
0:21 – What has caught your eye in the mortgage world?
3:31 – Are adjustable rate mortgages coming back?
4:54 – What is an ARM and how did it impact the housing bubble?
7:04 – When does an ARM make sense for someone?
8:18 – Will we see ARMs continue to increase?
9:01 – Pros and cons of an ARM
10:00 – It’s more about the advisor than the product
10:54 – How do we avoid another 2008 housing crisis?
CONTACT:
Schedule a time to meet with Bill here.
Visit the Smart Mortgage Show website for more podcasts, videos and info.
Call: 484-352-4151.
Visit LendUS® on the web.
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