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fraa-orolo
on May 6, 2022
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Homes in 97% of U.S. cities are overvalued, Moody'...
The rate is based on Euribor [1], fixed for 6 months in my case (and commonly most everyone) but anything between 3 to 24 months was possible.
[1]
https://en.wikipedia.org/wiki/Euribor
nemo44x
on May 6, 2022
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I wish you well but the way things look, you’re completely fucked. Your interest rates have been so unsustainably low for so long. And now things are going up fast and will likely continue to due to rapid inflation.
Good luck!
lupire
on May 6, 2022
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Wow. What's going to happen your payment when rates go back above 0 to stop rampant inflation?
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[1] https://en.wikipedia.org/wiki/Euribor