• uranibaba@lemmy.world
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      1 year ago

      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
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        1 year ago

        Yep. That’s why people who got these historic low rates are going to be very resistant to moving. Myself included.