price drops from 36 to 27 and interest stays the same lol
That's why it's shitty in my eyes.
But if the price goes up by the same amount, BOOM's rates go down. And do not tell me now, the bank has other options if the price drops, what to do about it, except to increase the rates, why does not it then if course falls. So it is in my opinion a huge shit.
Whats shitty about it? Intrest rates doesnt change right off the bat when price moves somewhere. Rates are still manually confirmed by an analyst what algo gives out. When price falls you will see intrest rates go up. They have gone up every time price has fallen, but not as much when price rises.. Algo is probably configured that way to get the maximum effect with minimal intrest rates.