Re:Rocket Mortgage to trim 8% of workforce as home-loan mark...
by modo_mario on Thursday April 28, 2022 @04:16AM
(#31189985)
>Whole-term-fixed rates are pretty uncommon in Europe.
Here in Belgium I think most people got those.
>why would you fix for 30yr when you know you're paying multiple points to offset market uncertainty?
Because my rate was 0,98% fixed for 20 years here in Belgium. I'd have done the same if I needed 30 (which is rare here as 20 or 25 is more common)
The chances of coming out ahead long term starting out with a higher variable rate are rather slim
Here in Belgium I think most people got those.
>why would you fix for 30yr when you know you're paying multiple points to offset market uncertainty?
Because my rate was 0,98% fixed for 20 years here in Belgium. I'd have done the same if I needed 30 (which is rare here as 20 or 25 is more common) The chances of coming out ahead long term starting out with a higher variable rate are rather slim