4 ms·
From 8.03% all the way down to 7.3%. Wowza.
by wrycoder 3y ago
From 8.03% all the way down to 7.3%. Wowza.
- userinanother 3y agoYeah that’s an insane move
- thebigspacefuck 3y agoI really can’t tell if this is sarcasm or not.
- mjh2539 3y agoIt's not sarcasm.
- Turing_Machine 3y agoThe median home price in the United States is around $400K. If you finance that at 20% down for a 30 year term, you'll pay around $528K in interest at 8.03%, but only around $470K at 7.3%. Also, the monthly payment will be a couple of hundred bucks less. A percent or less adds up to big bucks when you're talking about hundreds of thousands of dollars financed over a 30 year term.
- userinanother 3y agoThe average motgage duration was something like 7 years so the net present value of that is in the 10-20k range but still big bucks.
- thunkshift1 3y agoI cant tell if this is sarcasm or not
- userinanother 3y agoNope 75bps would cost you a lot of money to buy down. It’s a big move unusually big