Cryptocurrency Q&A Why did my mortgage go up if I have a fixed rate?

Why did my mortgage go up if I have a fixed rate?

Skywalker Skywalker Sat Sep 14 2024 | 7 answers 1853
I'm confused, can you help me understand why my mortgage payments have increased even though I have a fixed-rate mortgage? I thought the whole idea of a fixed-rate mortgage was that the interest rate and payments would stay the same throughout the loan term. Is there a specific reason behind this increase, or could it be a mistake? I would appreciate any clarification you can provide. Why did my mortgage go up if I have a fixed rate?

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