Patrick GrayJul 26, 2023
RIP my two year, 2% fixed rate loan, it dies today... hello STONKS RATES WOOOO
Show threadAlan Miller  ðŸ‡ºðŸ‡¦
@riskybusiness hopefully there's a restriction on how fast it can rise and you end up still below 4%
Jul 26, 2023 at 2:46amWeb
Show threadPatrick GrayJul 26, 2023
@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 :/
Show threadPatrick GrayJul 26, 2023
@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 :/
Show threadSteveJul 26, 2023
@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
Show threadAlan Miller  ðŸ‡ºðŸ‡¦Jul 26, 2023
@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.