Birdwatch Note Rating
2022-06-13 08:17:06 UTC - NOT_HELPFUL
Rated by Participant: E885231222A8461BF54B522BCBC64818C83B0A29C3301BC9F31ABEEDCE2BE445
Participant Details
Original Note:
ARMs are often connected to predatory lending practices. All anyone has to do is remember the housing mess of 2008 to know that adjustable rates will throttle homeowners/mortgage borrowers in a down economy. Powell’s looking at further rate hikes. https://www.policygenius.com/mortgages/news/adjustable-rate-mortgages-are-back/ Some say they’re safer now 😐
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