4 ms·
Worth noting: mortgages typically compound daily, whilst annualized inflation figures measure inflation as if it compounded annually. A 3% APR mortgage comes o
by chaorace 5y ago
Worth noting: mortgages typically compound daily, whilst annualized inflation figures measure inflation as if it compounded annually.
A 3% APR mortgage comes out to about 4% APY, which is a little more directly comparable to an annualized inflation figure.