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Nope. Most mortgage rates are fixed for the full term of the loan (typically 30 years). If you can afford the down payment, it’s a great time to buy a house. (
by MontyCarloHall 5y ago
Nope. Most mortgage rates are fixed for the full term of the loan (typically 30 years).
If you can afford the down payment, it’s a great time to buy a house. (Even better would have been a few months ago, before inflation started to kick into high gear).
- WanderPanda 5y agoHow much interest do you pay on a 30 year fixed interest mortgage? Seems like a total no-brainer if it is below 2-3%
- dominotw 5y ago2 - 4% these days. Its only a no brainer only if property prices never go down, which does seems to be the case these days.
- procinct 5y agoHoly shit that is insane. You’re right, that is indeed inflation proof. Is this the US?
- thehappypm 5y agoYes. Fixed mortgages are the norm.