this post was submitted on 15 Feb 2024
1465 points (98.5% liked)

Microblog Memes

5030 readers
350 users here now

A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

Rules:

  1. Please put at least one word relevant to the post in the post title.
  2. Be nice.
  3. No advertising, brand promotion or guerilla marketing.

Related communities:

founded 1 year ago
MODERATORS
[email protected]
1465
The numbers will determine your fate (lemmy.world)
submitted 7 months ago by [email protected] to c/[email protected]
279 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 7 months ago

Mortgages are "secured debt", meaning that they are backed by a collateral (in this case, the house). If the person defaults, the bank can seize the house. The risk is lower, and thus even when the interest rate is lower, the bank is willing to take it.