CornMooNaut

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https://www.msn.com/en-us/money/personalfinance/adjustable-rate-mortgages-are-gaining-in-popularity-here-e2-80-99s-how-to-know-if-one-is-right-for-you/ar-AAWKdCI

"You have double the number of borrowers out there applying for ARMs in the last four months because of how quickly the rates have come up," said Joel Kan, associate vice president of economic and industry forecasting at the Mortgage Bankers Association.


"They want to buy a house but are probably moving in three to five years," she added. "If they can lock into a five-year ARM, that could help them reduce their cost and sell in five years before the interest rate recalculates."

They are at it again plebs! what could go wrong ? 

ARM Mortgages are back! -- What could go wrong this time? 

Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation

oofff new home owners about be get rug pulled. 

Who remembers underwater mortgages? I do, I used to have one. Never again. BTC only. 