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A comment on How to get rich without being lucky (2019). Parent comment

Re:How to get rich without being lucky (2019) by antihipocrat on Saturday May 22, 2021 @05:08PM (#27250285)
Only if the interest rate is fixed, right? Is it common for mortgage interest rates in the USA to be fixed at a set percentage for the life of the loan?
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Re:How to get rich without being lucky (2019) by dlp211 on Saturday May 22, 2021 @06:25PM (#27250813)
Yes it is.
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Re:How to get rich without being lucky (2019) by ghaff on Saturday May 22, 2021 @09:14PM (#27251657)
And this is one of the relatively few situations that work out in favor of the consumer. With most mortgages, you can refinance to a lower interest rate--perhaps with some associated costs--if rates go down. But if rates go up, you're locked in with a fixed rate mortgage.
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