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by dunk010
1732 days ago
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This is the case in the US because rates are the same for the length of the loan. This is decidedly NOT the case in the UK, where the entire market is composed of teaser-rate loans (2, 5, 10 year), which revert eventually and then need refinanced at the prevailing rate. That's going to be a nasty wake-up call for a lot of people. |
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