4 ms·

For most Americans, the biggest debt we have is our mortgage and 90% of mortgages in the US are fixed for the entire duration of the loan so nominal cost stays

by mrep 3y ago

For most Americans, the biggest debt we have is our mortgage and 90% of mortgages in the US are fixed for the entire duration of the loan so nominal cost stays the same and the real cost goes down.

seanhunter 3y ago
Aah interesting. Here in the UK most “fixed rate mortgages” are actually only fixed for a few years. Fixed for the full term does exist but is definitely less common.