this post was submitted on 14 Aug 2026
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[–] ChickenLadyLovesLife@lemmy.world 1 points 3 days ago (1 children)

US mortgages are almost always fixed-rate

A lot of them are variable-rate which is just insane. You're allowing your mortgage lender to charge you whatever interest rate they feel like charging, with your only out being the hassle of refinancing.

[–] kkj@lemmy.dbzer0.com 1 points 2 days ago (1 children)

I've read that that's common in other countries, but I haven't heard of any here.

[–] taco@anarchist.nexus 2 points 2 days ago

It used to be more common, but I think it got a lot less so after the 2008 economy did its thing. At least that's my anecdotal impression.