This ‘crucial milestone’ that signifies financial stability will be lost on new homeowners for more than a decade.
  • Dkarma@lemmy.world
    31·
    1 year ago

    Nah the 13.5 accounts for a continued increase in home prices. If it didn’t it would be more than that.

    • iopq@lemmy.world
      1·
      1 year ago

      Oh, that’s surprising, then

      But then again, I would not be surprised if the rates fell in the future, so if your mortgage is a few years locked in rates and then goes floating this may be still fine

      I’m talking more likely 7 years in the future, not like one or two, though