Mountaineer@lemmy.world to Australia@aussie.zoneEnglish · 1 year agoFive reasons for the RBA to keep rates on holdwww.abc.net.auexternal-linkmessage-square7fedilinkarrow-up12arrow-down10
arrow-up12arrow-down1external-linkFive reasons for the RBA to keep rates on holdwww.abc.net.auMountaineer@lemmy.world to Australia@aussie.zoneEnglish · 1 year agomessage-square7fedilink
minus-squareskribe@lemmy.onelinkfedilinkEnglisharrow-up1·1 year agoAustralian mortgages are usually over a 30 year term.
minus-squareSJ_Zero@lemmy.fbxl.netlinkfedilinkEnglisharrow-up1·1 year agoSo the interest rate is fixed for 30 years, or it takes 30 years to pay it off?
minus-squareGetawombatupya@aussie.zonelinkfedilinkEnglisharrow-up1·1 year agoVariable rate, calculated daily, over a 30 year term
Australian mortgages are usually over a 30 year term.
So the interest rate is fixed for 30 years, or it takes 30 years to pay it off?
Variable rate, calculated daily, over a 30 year term