They can pry my 2.6% mortgage rate out of my cold, dead hands.
2.3% checking in. I get constant mail to refil to my mortgage. Get fucked, chase.
Are they absolute morons? “Ok pay me the expected difference up front, plus cover the income tax from that, and I’ll do it. No? Fuck off then.”
I suspect they are hoping im too stupid to know it’ll raise my monthly payment. I’m sure the gambit works often enough to make it worth their while
Yo 2%, ain’t gonna give you up!
never gonna give you up…
This is just another example of how the government controlling money causes damage to all of us.
Thank you for asking, as for the above example, the rates that people have on mortages are due to direct government manipulation of the interest rates and the money supply in general. As far as the other things, the big one would be the inflation they cause with harm to the middle class and poor.
Quick question. How often did economic depressions occur before giving the government control over money and moving off the gold standard, and how many have we had since then?