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A bank would be mental to commit to a fixed interest rate on a mortgage for 30 years. Economic conditions change.
by milesrout 1y ago
A bank would be mental to commit to a fixed interest rate on a mortgage for 30 years. Economic conditions change.
- Ekaros 1y agoFixed rates are possible, but often the margins are pretty significant especially when rates are very low. Say rate is 0.25%, margin is 0.5-1%, fixed rate might be 1.5%+0.5-1%... When leveraged to max this could be big chunk...
- sirwhinesalot 1y agoIn a lot of countries banks have to do that.