5 ms·
I've just signed a 3-year fixed term @ 1.49% (at which point i'll then have to find another...). I'm pretty amazed at how different it seems to be in the US.
by bvm 8y ago
I've just signed a 3-year fixed term @ 1.49% (at which point i'll then have to find another...). I'm pretty amazed at how different it seems to be in the US.
- littlestymaar 8y agoA 3-year fixed term cannot reasonably be compared with a 30-year one though.
- emodendroket 8y agoThe 30-year fixed-rate mortgage is a result of substantial government intervention in response to a bunch of people losing their homes in the Great Depression. Prior to that, the US system was more similar to what I've heard of in other countries. https://www.marketplace.org/2013/11/25/sustainability/who-thought-30-year-mortgages-were-good-thing https://www.marketplace.org/2013/11/25/sustainability/who-th...