Can someone ELI5 why lower interest rates is good/bad for the average person?
larinzod on
So can I refinance my US home loan through them to escape my 6.65% rate. Because if so, where do I apply?
darkstar107 on
Got a mortgage up for renewal, hopefully those rates drop too. No change in my renewal offer online yet (it’s still super early though). It’s been about 3 months since I initially got this offer though and it hasn’t changed at all. Thinking I might need to call them.
OldeFortran77 on
If inflation keeps increasing, would mortgage rates drop? It seems to me that a bank wouldn’t loan you money at a lower rate when the value of the money is decreasing.
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Time to splurge!
Can someone ELI5 why lower interest rates is good/bad for the average person?
So can I refinance my US home loan through them to escape my 6.65% rate. Because if so, where do I apply?
Got a mortgage up for renewal, hopefully those rates drop too. No change in my renewal offer online yet (it’s still super early though). It’s been about 3 months since I initially got this offer though and it hasn’t changed at all. Thinking I might need to call them.
If inflation keeps increasing, would mortgage rates drop? It seems to me that a bank wouldn’t loan you money at a lower rate when the value of the money is decreasing.