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Was there any point when you could get a 30 year fixed loan at 3% in the UK? It makes sense that some banks might be offering them now at 7% since they have li
by ffgjgf1 2y ago
Was there any point when you could get a 30 year fixed loan at 3% in the UK?
It makes sense that some banks might be offering them now at 7% since they have little to lose but I don’t think low interest longterm fixed mortgages are really possible without significant government interference (like in the US).
- killingtime74 2y agoAll this is true. The US government does significantly subsidize home loans. However they do this for all lengths of mortgages, not just the long ones.