The Chosun Ilbo on MSN
Fixed-variable mortgage rate gap widens to 0.7 points
Office worker Kim, 31 years old, recently chose a ‘variable-rate’ mortgage product while securing a home loan. Variable-rate mortgages are products where the interest rate changes every six months.
A spike in inflation is set to push I bond rates higher. Here’s how much your next rate will rise, when it takes effect, and what’s likely to come after that.
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