nc

You're the dumbest person in the world if you went variable when rates were low.

LOL. Fixed rates harder to get? That is a lie.

Another lie is that "most" have them.

With extreme Biden inflation the Fed raised everyone's house payments unless you had a fixed rate. Fixed rates were higher and harder to get , most people have adjustable rates. Now it's causing bankruptcies. Who would have guessed? Joe Biden said inflation is a good thing.

The unrealized losses in US banks have surged to a staggering $525 billion, nearly seven times the losses seen during the Great Financial Crisis of 2008. This colossal figure has now eclipsed the total reserves held by America's largest banks.

Adding to the chaos, the FDIC doesn't have enough funds to cover bank deposits, leaving a gaping hole in the financial safety net that protects your money.