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3min chapter
One economist's take on popular advice for saving, borrowing, and spending
Planet Money
Fixed Rate Mortgages - Are They Risk Free?
Economists would say you should head your bets and diversify across countries rather than just going with the winner from the past. Fixed rate mortgages are not actually risk free because the nominal amount of the payment is fixed over time. If inflation is really high, that means that you're getting a good deal as a fixed rate borrower. Listen to the last cup in the embedded podcast feed to hear the latest collaboration from NPR and Futuro Studios.
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