Chart of the day: low ARM rates

This chart from the New York Times demonstrates visually what happens when the Fed lowers interest rates too much: it skews simple economic decisions like what type of mortgage product to use, often with unintended consequences.

Similarly low rates on adjustable rate mortgages enticed buyers into the housing bubble.

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This chart from the New York Times demonstrates visually what happens when the Fed lowers interest rates too much: it skews simple economic decisions like what type of mortgage product to use, often with unintended consequences.

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Similarly low rates on adjustable rate mortgages enticed buyers into the housing bubble.

This post is part of my chart of the day series.

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