Taxing homeowners with ARMs

The Federal Reserve’s benchmark short-term interest rate has risen from 1 percent in June 2004 to 5.25 percent now. This higher rate functions essentially as a tax on people who hold variable debt, including those homeowners holding adjustable-rate mortgages. more [NYT]

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Taxing homeowners with ARMs

The Federal Reserve’s benchmark short-term interest rate has risen from 1 percent in June 2004 to 5.25 percent now. This higher rate functions essentially as a tax on people who hold variable debt, including those homeowners holding adjustable-rate mortgages. more [NYT]

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.