Re:Inflation climbs higher than expected in June as price in...
by mywittyname on Tuesday July 13, 2021 @12:55PM
(#27823295)
Fixed rates are the standard for mortgages and car loans.
An outcome of the Great Financial Crisis was a move away from ARMs through a rise in rates and in income levels necessary to qualify for them. Plus, banks prefer fixed rates in a declining rate environment (basically the past 10 or so years.).
An outcome of the Great Financial Crisis was a move away from ARMs through a rise in rates and in income levels necessary to qualify for them. Plus, banks prefer fixed rates in a declining rate environment (basically the past 10 or so years.).
But yeah, credit card debt is never good.