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> Those types of loans also have a double-digit APR, which might have been fine if you tought you could flip your house for 30-100% in the near future. Nah not
by arcticbull 4y ago
> Those types of loans also have a double-digit APR, which might have been fine if you tought you could flip your house for 30-100% in the near future.
Nah not all of them. Margin loans were as low as 0.5% APR, and currently not much higher than that.
- brewdad 4y agoWhere are you seeing a margin loan rate that low today? Fidelity's current best rate (for over $1MM) is 4.75%. Their base rate is actually 7.85%.
- jmillikin 4y agohttps://www.interactivebrokers.com/en/trading/margin-rates.php https://www.interactivebrokers.com/en/trading/margin-rates.p... IBKR charges 2.33% base rate, reducing to 1.58% for balances over 1 million USD.
- arcticbull 4y agoInstitutional rates are even lower at, for instance, PMR.