Here in Norway it's been common to have floating rate, though you could get 3, 5 or 10 year fixed if you want.
Of course a lot of those with floating rate loans are now feeling the squeeze, even though the banks are supposed to ensure you can handle a 5%-point increase in rate at the time you apply.
I'll excuse those who were kids in 2008, but the rest should have recalled how 5-6% sounded like a great rate for a loan.
Of course a lot of those with floating rate loans are now feeling the squeeze, even though the banks are supposed to ensure you can handle a 5%-point increase in rate at the time you apply.
I'll excuse those who were kids in 2008, but the rest should have recalled how 5-6% sounded like a great rate for a loan.