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haha well the interest YOU get may be 0.01. But the loans banks give out charge a much higher interest rate. 3-5% for a home right now depending on factors.
by harmegido 13y ago
haha well the interest YOU get may be 0.01. But the loans banks give out charge a much higher interest rate. 3-5% for a home right now depending on factors.
- toomuchtodo 13y agoRight, but that's securitized and sold to investors. And if I'm a bank, I can go to the fed discount window and get cash cheap.
- mathattack 13y agoRight - and they can lever up 10 to one or more on this.