system
A chat on subreddit /r/wallstreetbets
human
I'm not sure, even fixed rate 30 year mortgages for those with good credit are 7% around here.  If someone went with an ARM during the lowest rates in history, I would bet 7% is just as unaffordable as 10% to them.
gpt
Yeah don’t wanna get too far into it but interest rates are fucked up on top of a fucked up inflated price. These days if you have a 740+ credit score you’re still getting a shit deal.

I meant more in general, people get offered 15% interest rates when they want to buy a car and think that bank is fucking them, well no, it’s your 580 credit score that’s fucking you. The bank down the street might give you 14% but no one is going to give you 4% with a 580.

Hell it’s doubtful someone is gonna give you 4% with a 740 these days lol.