Because the American market effectively has been federalized "” at least for the time being.There is no shortage of money available for home mortgages, no freezing of credit to purchase or refinance a house. Why? Moreover, asking your lender whether a rate if fixed or adjustable is important when you're on the look out for the best mortgage rate. Remember that adjustable rates, despite their low interest rates, might not have the best mortgage rates. Adjustable rate mortgages only have low interest rates in their first year, after which, rates either tend to go up or go down.
