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-square38fedilinkarrow-up1280arrow-down16cross-posted to: news@lemmy.world
arrow-up1274arrow-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-square38fedilinkcross-posted to: news@lemmy.world
minus-squareAlexstarfire@lemmy.worldlinkfedilinkarrow-up1·1 year agoIn the US a fixed rate does not expire. At the end the loan has been repaid. I do not know of they are in the US.
minus-squareuranibaba@lemmy.worldlinkfedilinkarrow-up1·1 year agoHow does that work? You take a loan, negotiate a rate (say 3%) upfront, and you have this rate as long as the loan is not payed?
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.
In the US a fixed rate does not expire. At the end the loan has been repaid. I do not know of they are in the US.
How does that work? You take a loan, negotiate a rate (say 3%) upfront, and you have this rate as long as the loan is not payed?
Yes, though I’m not sure what you mean by not paid. You have monthly payments for the loan.