Under current circumstances, fixed rate or adjustable mortgage rate?

Posting as :
works at
You are currently posting as works at

ARM sounds like a better long term plan. Get a lower rate now and refinance again during/after the upcoming recession

If inflation is here for at least another 12-36 months, above the feds 2% target, is it likely that they will reduce rates to combat the recession? They can only really fight one battle at a time..

They will not reduce rates if above 2%. If they do, then you can actually say the the Fed is legally insane by definition because of their clear messaging. Lol

If you take an ARM, rates could keep rising for a while. Can you afford the payment if it hits the cap?

Related Posts

Real estate Tax question: I have a personal property and investment property in Florida. I am about to pay one off. Should I pay off the investment property or the personal home?

like

What are leading indicators of a housing bubble? When might prices drop in HCOL cities?

like

First time home buyer and I have no idea what I can afford. Excellent credit. I know to get a preauthorization before looking but want to skim homes the meantime. Any good rule of thumb when searching?

like

Are commercial properties getting inflated like residential? Thinking of getting into commercial to extra income.

HYSA anyone recommends?

like

I'm a young professional finishing my first year of my career. Last month I opened a brokerage account & invested $4000 in the stock market. I'm planning to invest at at least $2000/month every month now with the goal of creating a passive income stream. Do any of you have experience with a dividend growth strategy? How did you get started?

like

Who wants to start a DAO and buy time shares (literally lmao) in a watch.

Can rotate throughout the year 😂

likeuplifting

Alright this bowl has convinced me I need to buy a Rolex. Where do I begin? I know my brother got a Batman GMT after about a year at a jeweler he never purchased from a few years ago, but was he just lucky? Do I need a relationship with an AD in today’s market for a Sub or GMT? Based in Seattle but would prefer to buy in Oregon to avoid taxes

like

Hi everyone

Is there any disadvantage if I get relieve on Friday compared to on Monday?

What I am thinking is I will be loss pay for sat and Sunday?

Actually my last is 27th
I asked for a week early relieving so thinking about this.

Thanks.

like

Anyone who sends some money monthly to their parents in India? If so, how much $/month. I send $2.5K each month but trying to figure out if there are better way to invest that sum here in the US than just to put that money in a Fixed Deposit in India.

like

Guys ..
When will final settlement take place? What will be the components of it?

$DPZ 370c 3/27

like

Thoughts on the new Chase Freedom Flex?

like

Hi Fishes,
Had a very serious query. In my current organization I was not under taxable bracket by any means so I didn't submit any investment declarations or anything. But I'll start a new job in 2 weeks where I'll be under taxable bracket. So will I get a chance to submit my investment declarations in the new company for tds calculations in the middle of the year ? I'm new to everything so would appreciate your help. TIA :)

like
like

How common is it for a firm to contribute to an HSA on an employee’s behalf, and what is the largest contribution you’ve seen that an employer gives?

like

I'm a crypto Twitter influencer, AMA

likehelpful

Which credit card do you think is the best for ME consultants?

like

Which is your stock pick this week?
Serious answers only!

like

More Posts

I'm a young professional finishing my first year of my career. Last month I opened a brokerage account & invested $4000 in the stock market. I'm planning to invest at at least $2000/month every month now with the goal of creating a passive income stream. Do any of you have experience with a dividend growth strategy? How did you get started?

like

HYSA anyone recommends?

like

Who wants to start a DAO and buy time shares (literally lmao) in a watch.

Can rotate throughout the year 😂

likeuplifting

Sounds about right

Post Photo
likefunny

PPMD’s selling PMO projects in these trying times

Post Photo
likefunny

It’s only Wednesday. 🤬

Post Photo
likefunny

Anyone have experience working in sales for a startup? What are things to consider? Got a recruiter contacting me about an open position very similar to what I do now, at a startup.

Does anyone have a Farer watch? Or does anyone have thoughts on them?

like

Alright this bowl has convinced me I need to buy a Rolex. Where do I begin? I know my brother got a Batman GMT after about a year at a jeweler he never purchased from a few years ago, but was he just lucky? Do I need a relationship with an AD in today’s market for a Sub or GMT? Based in Seattle but would prefer to buy in Oregon to avoid taxes

like

Just tríes a Watch on - found it ~50% on chrono24 from Hong Kong seller 600 reviews 97% positive - never bought from them and its an interesting chunk of change- would you do it?

like

What to wear for the EY holiday party tomorrow?

like

Hi fishes,

I joined Accenture this week and recived my laptop today, wanted to know what are the peripheral i should receive as my start up kit, i only received a laptop and nothing else like mouse or headphones. Is there anyone i can connect to get clarification?

like

Anyone ever heard of Impetus Consulting Group? A recruiter reached. Said they’re a Anaplan Gold partner look for people with Anaplan experience and they’re big on WLB.

likefunny

Annual review coming up. Looking for suggestions for asks…

8 YOE, Current 125 base, TC ~140.

Median base for my title/geo ~170 (mean ~166, 0.75 ~226).

Certs: CIPM, M365 Security Admin/Architect, AWS SOA, AN, & Security.

Vet, Inactive TS.

Highlights of the year: flew out on 12hr notice to evac E Europe-based employees & families, plugged 3 exposures before they became breaches, built TVM/privacy program from scratch, onboarded new CNAPP.

(-) Still a student (GIB: BA/MS expected ‘24)

like

Hello PwC fishes, Does the firm provide a work from home setup or any sort of allowances to buy the necessary equipment ? (Desk, monitor, docking station, chair,etc)
Joining as a Senior Manager soon.

like

Hi Guys,

How are the opportunities in data analytics domain for a Msc Physics as a fresher. And can you suggest some good online platforms.

like

Anyone working at Revolut? What is the culture like in AU?

like

I need a good reference article for DSO-SAAS specific

like

Additional Posts in Interest Rates

Purchase a new build recently? How long is the estimated construction timeline?

Whom would you opt for, Builders lender or traditional lender for new construction?

What interest rates have you been quoted lately?

After todays announcement of a fed rate hike of 75 bps, Mortgage rates over the next couple of months will likely remain within 0.25% to 0.50% of todays range. Unless the fed throws a curve ball in their remaining meetings, the remainder of rate hikes have already been baked into mortgage rates currently being offered.

As the interest rates continue to rattle the market, how have they affected your personal situation?

like

Who is offering HELOC on second home with occasional Abnb rentals done.

Some.banks immediately turn this into an investment property and deny that.

Don't want to cash out refinance as underlying mortgage is <3% and fees plus new cost to carry are not worth it.

like

If you were playing in buying a home, are you still going through with it or no longer in the market?

like

If both are priced relatively similar, which would you choose: new construction or existing home?

Based on the current environment, if interest rates rise to what percentage, will you forgo buying a house for now?

What interest rate have you been quoted as of late?

Is 560K for a 3 bedroom low ranch in Ronkonkoma, long island a good deal right now?

funny

How many quotes have you gotten for interest rates and overall costs?

like

Looks like interest rates have stabilized. What, if anything, could cause them to start increasing again?

likehelpful

What will interest rates be come December?

funny

A recession is already here. Inflation is still high, although hope hopefully peaking. Realistically I don’t see the fed dropping rates until 2024-2025. What will it take for the fed to reverse course and decrease rates?

For anyone that has used Lennar’s in house lender, Lennar mortgage, how do their rates compare against competitors?

Mortgage rates jumped in the last couple of weeks to 6.28% because of inflation data, as well as the fed increasing rates by 75bps. If the fed sticks to their plans (Jul rate inc if 50bps/75bps; followed by 3 inc of 50 bps), will rates continue to range between 5.75-7%?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal