return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 1 year 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-up1316arrow-down15cross-posted to: personalfinance@lemmy.mlnews@lemmy.world
arrow-up1311arrow-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 · 1 year agomessage-square47fedilinkcross-posted to: personalfinance@lemmy.mlnews@lemmy.world
minus-squareAlexstarfire@lemmy.worldlinkfedilinkarrow-up2·1 year agoYes, though I’m not sure what you mean by not paid. You have monthly payments for the loan.
minus-squareuranibaba@lemmy.worldlinkfedilinkarrow-up1·1 year 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-up2·1 year agoYep. That’s why people who got these historic low rates are going to be very resistant to moving. Myself included.
Yes, though I’m not sure what you mean by not paid. You have monthly payments for the loan.
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.