A Boring Dystopia

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Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

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submitted 10 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] uranibaba@lemmy.world 1 points 10 months ago (1 children)

Could be fixed rate that expired and had to be renewed, but with a new rate.

[–] Alexstarfire@lemmy.world 1 points 10 months ago (1 children)

In the US a fixed rate does not expire. At the end the loan has been repaid. I do not know of they are in the US.

[–] uranibaba@lemmy.world 2 points 10 months ago (1 children)

How does that work? You take a loan, negotiate a rate (say 3%) upfront, and you have this rate as long as the loan is not payed?

[–] Alexstarfire@lemmy.world 2 points 10 months ago (1 children)

Yes, though I'm not sure what you mean by not paid. You have monthly payments for the loan.

[–] uranibaba@lemmy.world 1 points 10 months ago (1 children)

I meant payed off.

So if I borrow $100.000 at 3% interest rate, I will 3% for the entire duration of the loan? Even if FED increased the rates to something else?

[–] Alexstarfire@lemmy.world 2 points 10 months ago

Yep. That's why people who got these historic low rates are going to be very resistant to moving. Myself included.