*In the U.S., when interest rates fall, home buyers on fixed-rate mortgages are able to take out new loans at the lower rates to pay down their existing mortgages/reduce monthly payments.But until now, their Chinese counterparts haven’t been able to do that, nor have they been able t...
Average Total Costs or Average Costs (ATC or AC): similar shape to the average variable cost. However, it falls even more dramatically in the beginning and rises more slowly after it has reached a minimum point. It falls and then rises because average total costs is the summation of the A...
You’ll pay around 2-5% on average of your loan amount in closing costs. You can use these costs along with what you’re saving in payments to calculate how many months it will take to recoup the money and break even. Let’s say you pay $5,000 (2%) in closing costs ...
The Bond Buyer 20 bond index is a barometer for yields on tax-free bonds issued by state governments and local municipalities. The Fannie Mae 30-year mortgage commitment for delivery within 60 days helps mortgage lenders determine what rates to charge on 30-year fixed rate mortgages that are ...