This is why you don’t want an adjustable rate mortgage (or private student loans)

Mortgage rates and interest rates

Source: FRED

Adjustable rate hell

Source: FRED

Why you don’t want an ARM

Same thing goes for private student loans

(Sorry this graphic is so giant.)
  1. The 2008 financial crisis brought the economy to a standstill, and interest rates went into a freefall.
  2. I got sick and tired of having “good” debt, and put all my energy into paying it off.

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Mike Pumphrey

Mike Pumphrey

Helping you navigate financial wellness during late-stage capitalism.

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