this post was submitted on 05 Apr 2025
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Microblog Memes

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[โ€“] prayer 2 points 1 week ago (1 children)

Interesting to see the difference. In the US it's most common for mortgages to be "fixed rate" and remain the same for the entire loan period. Downside is a higher base percentage, we got down to about 2.6-2.7% in the same time period. Upside is that your payment will never go up.

[โ€“] [email protected] 1 points 1 week ago

Yeah, that's the difference. But in general British mortgages are much cheaper. That also leads to a situation, that people invest free money instead of over paying their mortgages. I'm still on 1.32% for example, while even my basic savings account pays me 4.5%.