Homeowner says his mortgage payments are spiking

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New homeowner Youseff Shehata says he's had to cut down on his expenses after his interest rate payments spiked.

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Getting a variable rate in a high inflation environment was risky. Everyone likes the lower rate initially but the expectations need to be realistic. They had to go up fast! If people are too sensitive to interest rate hikes they should get fixed rates.

Super sleuth detective reporting there.

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