Should you fix your mortgage for ever?
You can ignore rising rates, but you pay an arm and a leg
Few assets are as political as housing, and therefore few markets depend as much on national borders as those for mortgages. Governments can twiddle endless dials to control what goes on, concerning everything from how much you can borrow and who can lend, to what they can do if you stiff them. For today’s borrowers, though, one dial feels most urgent: how long is your fix?
This article appeared in the Finance & economics section of the print edition under the headline “Home and dry?”
Finance & economics September 9th 2023
- The $100trn battle for the world’s wealthiest people
- Should you fix your mortgage for ever?
- A higher global oil price will help Russia pay for its war
- The end of a remarkable era in Indian finance
- China’s slowdown is rattling Asian economies
- How Chicago school economists reshaped American justice
- Argentina needs to default, not dollarise
From the September 9th 2023 edition
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