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Fixed Rate Mortgage Versus Variable: The Age Old Debate Heats Up Today borrowers choice of a Variable Rate Mortgage has risen from less than 15% in 2023 to over 40% of all new mortgages today Is that a good idea? Bad idea? How to decide? What's the right advice?

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Ron Butler

117,488 subscribers

38,654 Aufrufe • vor 8 Monaten •via X (Twitter)

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For Paul Frambot 🦋, variable-rate lending fails the basic test of a true financial primitive: “If you have variable rate, what does it vary on?” “The answer is that it’s arbitrary. You rely on something to say what is the rate, which makes it not a primitive.” “A primitive does not rely on anything for its existence.” “Fixed rate, fixed term is the right primitive for financing. It is the true and the only true primitive.”
1:54

For Paul Frambot 🦋, variable-rate lending fails the basic test of a true financial primitive: “If you have variable rate, what does it vary on?” “The answer is that it’s arbitrary. You rely on something to say what is the rate, which makes it not a primitive.” “A primitive does not rely on anything for its existence.” “Fixed rate, fixed term is the right primitive for financing. It is the true and the only true primitive.”

Bankless

29,978 Aufrufe • vor 1 Monat

50 year mortgage means you'll pay 2 to 3 times the interest rate and be in debt for more than half your life. I can't help to think this is tied to Rand Paul's new idea of raising the retirement age. This is not the answer.
2:49

50 year mortgage means you'll pay 2 to 3 times the interest rate and be in debt for more than half your life. I can't help to think this is tied to Rand Paul's new idea of raising the retirement age. This is not the answer.

Shipwreck

343,361 Aufrufe • vor 9 Monaten

Today's #PMQs exchange on the rise of mortgage repayments between Rishi Sunak and Keir Starmer, was horrific. I've edited out Sunak's waffle: KS, "Conservative MP George Freeman's mortgage has gone up by £1,200 a month" RS, "Millions of mortgage holders are benefiting from support with their mortgages" KS, "200,000 people are coming off fixed rate mortgages because the Tories crashed the economy. How much is the monthly repayment?" RS, "They will be able to save hundreds of pounds" KS, "Hundreds of thousands of people are coming off fixed rate mortgages, how much are mortgages going up by this month?" RS, "Everyone's situation will be different" KS, "Tories crashed the economy, mortgages sky rockets, doubled the debt.. Someone coming off a fixed rate mortgage will be paying an average of £240 every month.. Working people paying the price of the Tories damaging the economy" *Conservative MPs start laughing when Starmer mentions the struggles of an Iceland employee* KS, "Phil is paying an extra £1,000 a month.. If George Freeman can't afford to repay his mortgage under a Tory gov, how on earth are people like Phil going to? RS, "Inflation is less than half, putting more money in pockets" KS, "I would invite Rishi Sunak to speak with Phil and advise him how paying £1,000 a month more is making him better off" RS, "Keir Starmer resorts to politics of envy" KS, "I didn't expect him to be laughing at Phil" RS, "Whether it's Phil, or anyone else across the country the plan we're putting in place is working and we're making progress"
7:17

Today's #PMQs exchange on the rise of mortgage repayments between Rishi Sunak and Keir Starmer, was horrific. I've edited out Sunak's waffle: KS, "Conservative MP George Freeman's mortgage has gone up by £1,200 a month" RS, "Millions of mortgage holders are benefiting from support with their mortgages" KS, "200,000 people are coming off fixed rate mortgages because the Tories crashed the economy. How much is the monthly repayment?" RS, "They will be able to save hundreds of pounds" KS, "Hundreds of thousands of people are coming off fixed rate mortgages, how much are mortgages going up by this month?" RS, "Everyone's situation will be different" KS, "Tories crashed the economy, mortgages sky rockets, doubled the debt.. Someone coming off a fixed rate mortgage will be paying an average of £240 every month.. Working people paying the price of the Tories damaging the economy" *Conservative MPs start laughing when Starmer mentions the struggles of an Iceland employee* KS, "Phil is paying an extra £1,000 a month.. If George Freeman can't afford to repay his mortgage under a Tory gov, how on earth are people like Phil going to? RS, "Inflation is less than half, putting more money in pockets" KS, "I would invite Rishi Sunak to speak with Phil and advise him how paying £1,000 a month more is making him better off" RS, "Keir Starmer resorts to politics of envy" KS, "I didn't expect him to be laughing at Phil" RS, "Whether it's Phil, or anyone else across the country the plan we're putting in place is working and we're making progress"

Farrukh

566,008 Aufrufe • vor 2 Jahren

Fixed Mortgage Rates Up 20%: DON'T PANIC I said the War In The Middle East would pump up Canadian Fixed Mortgage Rates & it did But now that all the 3% rates are gone & every rate is in the 4% range Don't panic here's a plan to manage this
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Fixed Mortgage Rates Up 20%: DON'T PANIC I said the War In The Middle East would pump up Canadian Fixed Mortgage Rates & it did But now that all the 3% rates are gone & every rate is in the 4% range Don't panic here's a plan to manage this

Ron Butler

78,533 Aufrufe • vor 4 Monaten

Keith Keith Rabois on how to solve housing affordability in America: "Most people don't even know that 30% of homes in the U.S. are legally permissible to assume the mortgage of the person who owns the home." "If someone has a fixed rate mortgage at 1%, 2%, or 3%, you can buy the home and take on their mortgage." "By law, 30% of the homes in the US are instantly available to assume the mortgage."
0:34

Keith Keith Rabois on how to solve housing affordability in America: "Most people don't even know that 30% of homes in the U.S. are legally permissible to assume the mortgage of the person who owns the home." "If someone has a fixed rate mortgage at 1%, 2%, or 3%, you can buy the home and take on their mortgage." "By law, 30% of the homes in the US are instantly available to assume the mortgage."

sourcery

52,597 Aufrufe • vor 3 Monaten

INGRAHAM: Is a 50 year mortgage really a good idea? TRUMP: It's not even a big deal. You go from 40 to 50 years. All it means is you pay less per month
1:01

INGRAHAM: Is a 50 year mortgage really a good idea? TRUMP: It's not even a big deal. You go from 40 to 50 years. All it means is you pay less per month

Aaron Rupar

739,371 Aufrufe • vor 9 Monaten

The Huge Mortgage Renewal Wave Is Half Done The Bank's Approach Of What Rate To Offer Renewing Clients Is Pretty Awful Imagine a perfect Bank Mortgage Borrower: never missed a payment, paid all Property Taxes Bank's Approach: let's see how HIGH a rate we can get away with WTF?
2:32

The Huge Mortgage Renewal Wave Is Half Done The Bank's Approach Of What Rate To Offer Renewing Clients Is Pretty Awful Imagine a perfect Bank Mortgage Borrower: never missed a payment, paid all Property Taxes Bank's Approach: let's see how HIGH a rate we can get away with WTF?

Ron Butler

59,499 Aufrufe • vor 1 Monat

BREAKING: White House officials are reportedly unhappy about 50-year mortgage idea praised by Trump. This is how stupid the idea is: A 50 year mortgage would have an interest rate that is around 1% higher than a 30-year loan. This means that a $500k loan would pay the following per month if the 30 year rate is 6.5%: 30 Year Loan at 6.5% = $3,160/month 50 Year Loan at 7.5% = $3,201/month So it would be higher monthly payments and you'd pay more than twice the total interest.
0:48

BREAKING: White House officials are reportedly unhappy about 50-year mortgage idea praised by Trump. This is how stupid the idea is: A 50 year mortgage would have an interest rate that is around 1% higher than a 30-year loan. This means that a $500k loan would pay the following per month if the 30 year rate is 6.5%: 30 Year Loan at 6.5% = $3,160/month 50 Year Loan at 7.5% = $3,201/month So it would be higher monthly payments and you'd pay more than twice the total interest.

Brian Krassenstein

1,532,985 Aufrufe • vor 9 Monaten

My advice to anybody is to make sure that you do not pay more than a third of your after-tax income towards a mortgage, or you're gonna get yourself in trouble. You may have to downsize your house a little bit to abide by that rule, but if you're paying more than a third of your after-tax-free income to service your mortgage, you're putting yourself in a very risky position. You have to live in addition to maintain the home. There's taxes, there's monthly maintenance, and then there's the risk of variability of the actual mortgage rate. That really starts to put a squeeze on them.
1:23

My advice to anybody is to make sure that you do not pay more than a third of your after-tax income towards a mortgage, or you're gonna get yourself in trouble. You may have to downsize your house a little bit to abide by that rule, but if you're paying more than a third of your after-tax-free income to service your mortgage, you're putting yourself in a very risky position. You have to live in addition to maintain the home. There's taxes, there's monthly maintenance, and then there's the risk of variability of the actual mortgage rate. That really starts to put a squeeze on them.

Kevin O'Leary aka Mr. Wonderful

744,862 Aufrufe • vor 1 Jahr

Better used ElevenAgents to build Betsy - an AI loan assistant that supports borrowers through eligibility checks, pricing, and rate locks over the phone. By shifting routine mortgage conversations to conversational agents, Better Mortgage automated over 1.89M calls in 2025. The impact: - 35% of those calls never needed escalation to a human - 2x improvement in lead-to-lock conversion - 1,600 hours of loan officer time saved each month
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Better used ElevenAgents to build Betsy - an AI loan assistant that supports borrowers through eligibility checks, pricing, and rate locks over the phone. By shifting routine mortgage conversations to conversational agents, Better Mortgage automated over 1.89M calls in 2025. The impact: - 35% of those calls never needed escalation to a human - 2x improvement in lead-to-lock conversion - 1,600 hours of loan officer time saved each month

ElevenLabs

11,183 Aufrufe • vor 6 Monaten

Tucker Carlson criticizes President Trump’s 50 Year Mortgage Plan — while Shawn Ryan makes a Compelling Argument why he thinks it is Good Idea “The idea that you’re going to roll out with a straight face a 50 year mortgage, it’s literally the opposite of what we need. Who benefits from a 50 year mortgage? The guy (banks) collecting 50 years of interest.“ Shawn Ryan made a very compelling argument… take a listen. Clip Full Interview
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Tucker Carlson criticizes President Trump’s 50 Year Mortgage Plan — while Shawn Ryan makes a Compelling Argument why he thinks it is Good Idea “The idea that you’re going to roll out with a straight face a 50 year mortgage, it’s literally the opposite of what we need. Who benefits from a 50 year mortgage? The guy (banks) collecting 50 years of interest.“ Shawn Ryan made a very compelling argument… take a listen. Clip Full Interview

MJTruthUltra

1,097,667 Aufrufe • vor 9 Monaten

Laura Ingraham: “Your housing director has proposed something that has enraged your MAGA friends, which is this 50-year mortgage idea. Significant MAGA backlash… Is that a really a good idea.” President Trump: “It’s not even a big deal. You go from 40 to 50 years.” Laura Ingraham: “Well, 30 to 50.”
1:18

Laura Ingraham: “Your housing director has proposed something that has enraged your MAGA friends, which is this 50-year mortgage idea. Significant MAGA backlash… Is that a really a good idea.” President Trump: “It’s not even a big deal. You go from 40 to 50 years.” Laura Ingraham: “Well, 30 to 50.”

RedWave Press

324,228 Aufrufe • vor 9 Monaten

The lack of home affordability in America should be a national emergency. I sat down with Raunaq Singh to understand the new product they're launching today which allows homeowners to sell their home & their low rate mortgage. This is a real solution to a very painful problem
11:49

The lack of home affordability in America should be a national emergency. I sat down with Raunaq Singh to understand the new product they're launching today which allows homeowners to sell their home & their low rate mortgage. This is a real solution to a very painful problem

Anthony Pompliano 🌪

50,312 Aufrufe • vor 11 Monaten

This woman is 28 years old and she is complaining about why her mortgage is going up in her starter house. First things first, her mortgage is $4300 a month in a very affluent area in Ohio. She received a notice saying that her mortgage is now going up to $4800 a month. If you don’t understand the purpose of a “starter house,” then maybe you should rent an apartment. A starter house isn’t one where you plan on staying in the rest of your life. It’s for building credit and good financial habits and responsibility. Second, she doesn’t understand that she has a fixed interest rate, it wasn’t her mortgage going up. Her taxes and insurance went up. Would she be better off just buying an actual starter house, it doesn’t seem like she understands the basics of home ownership?
1:19

This woman is 28 years old and she is complaining about why her mortgage is going up in her starter house. First things first, her mortgage is $4300 a month in a very affluent area in Ohio. She received a notice saying that her mortgage is now going up to $4800 a month. If you don’t understand the purpose of a “starter house,” then maybe you should rent an apartment. A starter house isn’t one where you plan on staying in the rest of your life. It’s for building credit and good financial habits and responsibility. Second, she doesn’t understand that she has a fixed interest rate, it wasn’t her mortgage going up. Her taxes and insurance went up. Would she be better off just buying an actual starter house, it doesn’t seem like she understands the basics of home ownership?

SonnyBoy🇺🇸

373,099 Aufrufe • vor 6 Monaten

Debt is killing the Australian dream of owning your own home. This is having a devasting impact on the birth rate, cost of living and retirement plans. This has been driven by decades of financial mismanagement by governments and the RBA. Despite many people working longer than ever, Superannuation is not reducing the number of retirees on the pension. If you want to see change then sign up to today. We have the solutions for today and the vision for tomorrow that will put you and your family first. •••••••••••••••••••••••••• “As a result of people purchasing later and taking out larger mortgages, Loan Market Group has found that 40% of respondents do not expect to have paid off their mortgages by the time they retire. This analysis aligns with warnings from the Super Members Council of Australia, which estimated that more than 40% of Australians will retire with mortgage debt, up from 16% two decades ago. To exacerbate the situation, 40% of individuals and 33% of couples will utilise their entire superannuation savings to pay off their debts.”
1:21

Debt is killing the Australian dream of owning your own home. This is having a devasting impact on the birth rate, cost of living and retirement plans. This has been driven by decades of financial mismanagement by governments and the RBA. Despite many people working longer than ever, Superannuation is not reducing the number of retirees on the pension. If you want to see change then sign up to today. We have the solutions for today and the vision for tomorrow that will put you and your family first. •••••••••••••••••••••••••• “As a result of people purchasing later and taking out larger mortgages, Loan Market Group has found that 40% of respondents do not expect to have paid off their mortgages by the time they retire. This analysis aligns with warnings from the Super Members Council of Australia, which estimated that more than 40% of Australians will retire with mortgage debt, up from 16% two decades ago. To exacerbate the situation, 40% of individuals and 33% of couples will utilise their entire superannuation savings to pay off their debts.”

Gerard Rennick

17,510 Aufrufe • vor 2 Monaten

Donald Trump’s idea of home affordability is a 50 year mortgage. Chuck Schumer’s idea of fighting for the American people is folding to Donald Trump over and over again. We do not have serious people leading us.
0:41

Donald Trump’s idea of home affordability is a 50 year mortgage. Chuck Schumer’s idea of fighting for the American people is folding to Donald Trump over and over again. We do not have serious people leading us.

Senator Roland Gutierrez

11,612 Aufrufe • vor 9 Monaten

There will be two classes of people in the future 1/ People who were wealthy before 2022 and locked in a sub 3% mortgage rate 2/ People who were too young or poor to buy before 2022, so they had to take on a mortgage rate nearly 2x higher than their slightly older peers
0:40

There will be two classes of people in the future 1/ People who were wealthy before 2022 and locked in a sub 3% mortgage rate 2/ People who were too young or poor to buy before 2022, so they had to take on a mortgage rate nearly 2x higher than their slightly older peers

Boring_Business

205,080 Aufrufe • vor 3 Monaten

Labor has killed a Christmas rate cut millions of Australians were hoping for. The decision by the RBA to keep rates on hold is another reminder that Labor’s cost-of-living crisis is nowhere near over. No rate cut, no relief, and Australians are still paying more for everything - electricity up 40%, insurance up 37% and food up 15%. Everyday Australians are footing the bill for Labor’s spending spree in their tax returns, electricity bills, mortgage statements and their growing difficulty in finding a job.
0:29

Labor has killed a Christmas rate cut millions of Australians were hoping for. The decision by the RBA to keep rates on hold is another reminder that Labor’s cost-of-living crisis is nowhere near over. No rate cut, no relief, and Australians are still paying more for everything - electricity up 40%, insurance up 37% and food up 15%. Everyday Australians are footing the bill for Labor’s spending spree in their tax returns, electricity bills, mortgage statements and their growing difficulty in finding a job.

Sussan Ley

24,207 Aufrufe • vor 9 Monaten