[Soultrader]

Hi browns,

How exactly does this work when mortage rates are going up for home buyers. Was the 2% not a fixed rate but an interest rate adjusted floating rate? Was there any deals at that time when mortage rates were fixed?

I know a few people straight out of college about 2.5 years ago who purchased a home in Chicago on a 30 year loan. Im curious to know what happened to buyers like them.