3 ms·
No, there are fixed and variable rate mortgages.
by elindbe3 6y ago
No, there are fixed and variable rate mortgages.
- sgerenser 6y agoAlthough fixed rate mortgages are far more popular because they are subsidized by the federal government. Right now I can choose between a 15 year fixed rate mortgage at 2.375%, or a 30year fixed at 2.75%, or a 5/1 adjustable for 2.75%. Obviously nobody is picking the adjustable rate.