not_IO@lemmy.blahaj.zone to Political Memes@lemmy.worldEnglish · edit-22 days agoinsane if truelemmy.blahaj.zoneimagemessage-square53fedilinkarrow-up1738arrow-down129file-text
arrow-up1709arrow-down1imageinsane if truelemmy.blahaj.zonenot_IO@lemmy.blahaj.zone to Political Memes@lemmy.worldEnglish · edit-22 days agomessage-square53fedilinkfile-text
minus-squareMNByChoice@midwest.sociallinkfedilinkarrow-up2·2 days agoVariable rates are still available and common. They tend to be slightly lower rates than fixed rate mortgages due to volatility risks. I interpreted their remark to be more about the fixed rate though. The $20,000 house could have a 20% fix interest loan. They did say “shooting up”, so maybe they are presuming variable rate mortgages.
Variable rates are still available and common. They tend to be slightly lower rates than fixed rate mortgages due to volatility risks.
I interpreted their remark to be more about the fixed rate though. The $20,000 house could have a 20% fix interest loan.
They did say “shooting up”, so maybe they are presuming variable rate mortgages.