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That's interesting, in the UK it's generally fixed for 2/3/5 years but then reverts to a pretty lousy rate (unless you remortgage to another fix). If you're luc
by cjrp 4y ago
That's interesting, in the UK it's generally fixed for 2/3/5 years but then reverts to a pretty lousy rate (unless you remortgage to another fix). If you're lucky you fixed just before this all started, and won't have to remortgage for another few years when rates might be dropping again.
- ghaff 4y agoThere are adjustable rate mortgages in the US, but far and away the norm is 15 or 30 year fixed.
- TomatoTomato 4y agoOTOH, almost all commercial loans including real estate is adjustable in the US.
- bamboozled 4y agoI believe Australia is the same.