Quote:
Originally Posted by MarkyMark
There must be a lot of people who locked in at 2.x% that in the next year or two will be forced to renew with rates in the 4-5% range which would be a pretty big increase in their payments.
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For every $100k they owe the monthly payment increases about $100 if the rate goes from 2.5% to 4.5% so $500k mortgage at renewal is an extra $500/mo.
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Current: 2019 Acura RDX
Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5
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