“Say goodbye to the housing market. Thanks Brandon!”
And all the other things associated with it. Building supplies, construction jobs, mortgage loan, remodels...
And we could see a repeat of 2008 if a lot of people are in variable interest mortgages.
I can see a serious market crash coming.
it’s still a relatively low amount, but the share of all mortgages issued this January that were ARMs increased to about 10%.