Not bragging but....when I bought my home 20 plus years ago, I went for a fixed rate mortgage. People called me crazy, even stupid, usually saying, “Rates will come down and you'll be stuck with the same rate.” Well sure, those rates did decline, but then they went up, and those who went for the adjustables were screwed. Meanwhile, my payments stayed the same, and I even managed to pay off the home some years ago.
So, whose crazy or stupid now?
Anyone that signs up for a 13.4 mortgage or did not get out of their adjustable when rates were down...is DUMB.I don't know about that.
Here we have an individual who was too big to fail, so they saved him.
YOU and I are going to pick up the tab.
Who's the idiot?