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A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up
(www.nytimes.com)
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this post was submitted on 15 Apr 2024
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Depends on where you live. Odds are most people reading this are in the US or Canada where fixed interest rates for life of the loan is common, though you can get an ARM. However in many other countries you cannot get those loans, and those people have to renew every few years.
Not Canada. Highest I’ve seen is 10 year, most of the time it’s 5.
I stand corrected.
I wish we had a 30 year! That would be amazing in some ways. I have to renew this year and I’m not looking forward to it.