It's hard to call it a "norm" when it's so new that no one has yet seen one comp... | Hacker News

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		lupire on Sept 20, 2022 \| parent \| context \| favorite \| on: The anti-inflation pivot of 2022 It's hard to call it a "norm" when it's so new that no one has yet seen one completed.

rvense on Sept 20, 2022 [–]

It's been like this for at least 50 years, maybe more - the underlying system of credit associations goes back to the lat 1700's.

The mortgage market was very tightly regulated to really only permit the 30-year fixed-rate mortgages until 2002.

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