Patrick GrayRIP my two year, 2% fixed rate loan, it dies today... hello STONKS RATES WOOOO
Alan Miller 
🇺🇦@riskybusiness hopefully there's a restriction on how fast it can rise and you end up still below 4%
@fencepost there’s not, but thankfully I don’t have megadebt like a lot of folks out there. Rough times for a lot of people right now :/
@fencepost there’s not, but thankfully I don’t have megadebt like a lot of folks out there. Rough times for a lot of people right now :/
Steve@fencepost @riskybusiness that’s not how things work here in Australia, you roll off fixed into the standard variable rate which at the moment are in the 5’s and 6’s
@lilstevie @riskybusiness interesting, seems like a not unreasonable measure to have on what we call ARMs (adjustable rate mortgages). I think mine is limited to not changing by more than 2% each year.
EmJaeCaer@riskybusiness ooftt that's a swing and a half
James Healy@riskybusiness oof, thankful for another 7 months on mine.. Spicy!
Recommend hitting up RateCity after getting advice from your broker though to see if it compares.
Was Phantom@riskybusiness ouch! I think the one coming off this year is thankfully sitting at ~4.5% as it is, so not tooooo bad on the shock.