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A comment on Mortgage rates have been rising at a pace not seen in almost 50 years. Parent comment

Re:Mortgage rates have been rising at a pace not seen in alm... by jonknee on Friday May 25, 2018 @02:38AM (#17151155)
American mortgages are a little unusual in that they are typically fixed rate for 30 years and can be paid off at any point without penalty (so if rates drop you can refinance for the lower rate).
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Re:Mortgage rates have been rising at a pace not seen in alm... by xtracto on Friday May 25, 2018 @12:34PM (#17155356)
Similarly in Mexico: You can choose to pay for 20/30 years a fixed amount. And if you pre-pay you either reduce the number of months or reduce the amount to be paid each month. Now, rates are not similar at all, being tripled in Mexico.
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