Milevsky told Marr, “At some point, people have to ask themselves if they can afford the fact that eventually [rates] are going to go up.”
Marr goes on to assert: “Consumers getting into variable rate products are facing the risk that the discounts they negotiate today will look pretty ugly in a few months.” (In other words, he’s saying that bigger discounts to prime may be coming for variable-rate mortgages.)
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