@[email protected] to [email protected]English • 2 years agoFive reasons for the RBA to keep rates on holdwww.abc.net.auexternal-linkmessage-square11fedilinkarrow-up113
arrow-up113external-linkFive reasons for the RBA to keep rates on holdwww.abc.net.au@[email protected] to [email protected]English • 2 years agomessage-square11fedilink
minus-squareskribelinkfedilinkEnglish8•2 years agoAustralian mortgages are usually over a 30 year term.
minus-square@[email protected]linkfedilinkEnglish2•2 years agoSo the interest rate is fixed for 30 years, or it takes 30 years to pay it off?
minus-square@[email protected]linkfedilinkEnglish5•2 years 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