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Yes, but the interest payments on mortgages with variable rates had doubled. Now some people basically are paying interest only without paying off their princip
by myth_drannon 3y ago
Yes, but the interest payments on mortgages with variable rates had doubled. Now some people basically are paying interest only without paying off their principal amount.
- onlyrealcuzzo 3y ago<2% of US homes are on variable rate mortgages.
- red-iron-pine 3y agoMost folks aren't on variable rates. If you're on a fixed 15-year or 30-year then inflation is generally working in your favor. Salaries not going up is not directly related to mortgages, and while I can't speak to all jobs, has been pretty good in the STEM field.