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?
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?
Alexstarfire@lemmy.world 1 year ago
Yep. That’s why people who got these historic low rates are going to be very resistant to moving. Myself included.