The forthcoming increase announced for certain types of mortgage loans could hurt. In particular those with fixed rates which will increase by half a percentage point.
For a citizen who, for example, has a loan of $300,000, that represents approximately $6,000 less in his pocket. Borrowers are therefore expected to increasingly stretch their mortgage payments from 25 to 30 years, a multi-year high.
Other owners are also considering a three-year fixed rate, since citizens no longer want the variable rate and no longer wish to commit to five years.
2023-05-20 07:21:02
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