3 ms·
Exact same mechanism as lowering the interest rate on housing mortgages. The buyer says "I am willing to pay $2000/month", and the interest rate just changes h
by ldiracdelta 6y ago
Exact same mechanism as lowering the interest rate on housing mortgages. The buyer says "I am willing to pay $2000/month", and the interest rate just changes how much of that payment is principle vs interest.