Eli5: Is inflation good for your mortgage?

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If you are paying a fixed rate on a mortgage, is inflation then a good thing?

In: Economics

34 Answers

Anonymous 0 Comments

Most likely, yes. You are more likely to increase your income via raises, job hops, second jobs, but your debt is fixed rate, which means your disposable income goes up.

So maybe not good for your mortgage, but good for you.

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