return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 2 years agoHousing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onwardfinance.yahoo.comexternal-linkmessage-square47fedilinkarrow-up1318arrow-down15cross-posted to: personalfinance@lemmy.mlnews@lemmy.world
arrow-up1313arrow-down1external-linkHousing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onwardfinance.yahoo.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 2 years agomessage-square47fedilinkcross-posted to: personalfinance@lemmy.mlnews@lemmy.world
minus-squareuranibaba@lemmy.worldlinkfedilinkarrow-up1·2 years agoI meant payed off. So if I borrow $100.000 at 3% interest rate, I will 3% for the entire duration of the loan? Even if FED increased the rates to something else?
minus-squareAlexstarfire@lemmy.worldlinkfedilinkarrow-up2·2 years agoYep. That’s why people who got these historic low rates are going to be very resistant to moving. Myself included.
I meant payed off.
So if I borrow $100.000 at 3% interest rate, I will 3% for the entire duration of the loan? Even if FED increased the rates to something else?
Yep. That’s why people who got these historic low rates are going to be very resistant to moving. Myself included.