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| User name: | tammonpewv |
| Website: | http://www.businesswire.com/news/home/20200115005652/en/Wesley-Financial-Group-Founder-Issues-New-Year%E2%80%99s |
| Bio: | If the Fed lowers its fed funds target price, rates of interest on recently issued bonds will certainly decrease, and vice versa. Those modifications influence the rates investors agree to pay for older bonds, which affects the expected return on the bonds. Discount rate points are charges on a mortgage paid up front to the lender, in return for a reduced interest rate over the life of the loan. With the acquisition of three discount rate points, your rate of interest would be 2.75%, as well as your monthly settlement would be $382 per month. On a $100,000 home loan with an interest rate of 3%, your monthly payment for principal and rate of interest is $421 each month. The purchase of each factor generally reduces the interest rate on your mortgage by as much as 0.25%. |
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