𝓹𝓻𝓲𝓷𝓬𝓮𝓼𝓼@lemmy.blahaj.zone to Not The Onion@lemmy.worldEnglish · 2 months agoCEO who fired 900 people on Zoom just before Christmas wants his job backwww.cnn.comexternal-linkmessage-square34linkfedilinkarrow-up1495arrow-down16cross-posted to: [email protected]
arrow-up1489arrow-down1external-linkCEO who fired 900 people on Zoom just before Christmas wants his job backwww.cnn.com𝓹𝓻𝓲𝓷𝓬𝓮𝓼𝓼@lemmy.blahaj.zone to Not The Onion@lemmy.worldEnglish · 2 months agomessage-square34linkfedilinkcross-posted to: [email protected]
minus-squareChickenLadyLovesLife@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months ago US mortgages are almost always fixed-rate A lot of them are variable-rate which is just insane. You’re allowing your mortgage lender to charge you whatever interest rate they feel like charging, with your only out being the hassle of refinancing.
minus-squarekkj@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·2 months agoI’ve read that that’s common in other countries, but I haven’t heard of any here.
minus-squaretaco@anarchist.nexuslinkfedilinkEnglisharrow-up2·2 months agoIt used to be more common, but I think it got a lot less so after the 2008 economy did its thing. At least that’s my anecdotal impression.
A lot of them are variable-rate which is just insane. You’re allowing your mortgage lender to charge you whatever interest rate they feel like charging, with your only out being the hassle of refinancing.
I’ve read that that’s common in other countries, but I haven’t heard of any here.
It used to be more common, but I think it got a lot less so after the 2008 economy did its thing. At least that’s my anecdotal impression.