Dramatic shift comes after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for American consumers
Right. A lot of European countries use ARMs a lot more. The only other country where 30-year fixed is the norm is Denmark, as far as I know. But Europe just generally have lower interest rates.
Right. A lot of European countries use ARMs a lot more. The only other country where 30-year fixed is the norm is Denmark, as far as I know. But Europe just generally have lower interest rates.