Re:US credit card defaults jump to highest level since 2010
by lm28469 on Monday December 30, 2024 @05:42PM
(#42554361)
6%?! Damn in France we went from 1% to 4% and it felt like the end of the world, 6% is insane
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Re:US credit card defaults jump to highest level since 2010
by JeremyNT on Monday December 30, 2024 @07:09PM
(#42555041)
Key to know for people outside the US (if you don't already know this) is that here you almost always deal in 30 year fixed mortgages.
The buyer will never see their rates go higher than this in the life of the loan, and in reality, if/when rates drop again, they can refinance to a new 30 year fixed at the lower rate.