Community Scoop » Workers Switched Industries To Stay In Work And Earn More During COVID-19 – Analytical Note
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We estimate the share of variable-rate mortgages with fixed payments that reached the so-called trigger rate—the interest rate at which mortgage payments no longer cover the principal. Amid rising interest rates, this share was close to 50% at the end of October 2022 and could potentially reach 65% in 2023.
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