Markets for ether, the cryptocurrency linked to the ethereum distributed computing platform, were rocked yesterday by a huge flash crash that saw prices
fall from
over $ 365 down to as low as 10 cents on one exchange before bouncing back shortly
afterwards — an event that is mildly worrying for anyone concerned about cryptocurrency volatility, but has had devastating consequences for some professional traders who have seen their holdings wiped out.
FRM pros and cons: + Peace of mind that your interest rate stays locked in
over the life of the loan + Monthly mortgage payments remain the same - If rates
fall, you'll be stuck with your original APR unless you refinance your loan - Fixed rates tend to be higher than adjustable rates for the convenience of having an APR that won't change ARM pros and cons: + APRs on many ARMs may be lower compared to fixed - rate home loans, at least at first + A wide variety of adjustable rate loans are available — for instance, a 3/1 ARM has a fixed rate for the first 36 months, adjustable thereafter; a 5/1 ARM, fixed for 60 months, adjustable
afterwards; a 7/1 ARM, fixed for 84 months, adjustable after - While your interest rate could drop depending on interest rate conditions, it could rise, too, making monthly loan payments more expensive than hoped How is your APR determined?