GiddyGap@lemm.ee to News@lemmy.world · 7 months agoA Huge Number of Homeowners Have Mortgage Rates Too Good to Give Upwww.nytimes.comexternal-linkmessage-square15fedilinkarrow-up13arrow-down10
arrow-up13arrow-down1external-linkA Huge Number of Homeowners Have Mortgage Rates Too Good to Give Upwww.nytimes.comGiddyGap@lemm.ee to News@lemmy.world · 7 months agomessage-square15fedilink
minus-squareCyborganism@lemmy.calinkfedilinkarrow-up0·7 months agoDon’t you have to renew it every 5 years?
minus-squareGloriousGherkins@lemmy.worldlinkfedilinkarrow-up0·7 months agoI haven’t heard of having to renew mortgage interest rates. A fixed interest rate should be good for the life of the loan. I’m at 2.875% on a 25-year loan. I never plan on moving.
minus-squarenavi@lemmy.tespia.orglinkfedilinkarrow-up1·7 months ago15 and 30 year fixed mortgages is pretty unique to the US.
Don’t you have to renew it every 5 years?
I haven’t heard of having to renew mortgage interest rates. A fixed interest rate should be good for the life of the loan.
I’m at 2.875% on a 25-year loan. I never plan on moving.
15 and 30 year fixed mortgages is pretty unique to the US.