Major Hayden 🤠 on Nostr: Let's consider a family that bought a home in the last 4-5 years. These homes had sky ...

Let's consider a family that bought a home in the last 4-5 years. These homes had sky high prices.

To afford it, a family goes for an adjustable rate mortgage (ARM) and they get a payment that fits in their budget, but doesn't leave much wiggle room.

Now interest rates are towering over 7% and their mortgage could have gone up $500, $1000, or maybe more per month. Ouch.