Should you be getting fixed or adjustable rate for mortgage.

In a closed economy (communism), where the property prices generally show a rising trend the mortgage rate should be high. Whereas in the open economy (capitalism) where the property prices generally show a variable trend (rise as well as fall) because of the frequent trade cycles, mortgage rate should be adjustable. To maintain the economic stability of the respective types of countries.

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Published by shreyasshamshrikant

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