To: stockpirate
I've tried but I can't understand a negative interest rate.
Why is a 30 year mortgage at 3.5%. That is a big spread between the Feds discount 0.5% and the 30 year.
10 posted on
03/06/2016 6:34:59 PM PST by
central_va
(I won't be reconstructed and I do not give a damn.)
To: central_va
Negative interest rate.
Let’s say the i terest rate is -3% and you have $10,000.00 in your savings account. They will deduct the 3% devided by 12 months from your account every month.
Right they subtract money from your account.
The government does this to try and force people to spend money.
11 posted on
03/06/2016 6:44:41 PM PST by
stockpirate
(We must burn down the republican party, to save it for “We the People” (Palin Trump is the 1st wav)
To: central_va
Why is a 30 year mortgage at 3.5%. That is a big spread between the Feds discount 0.5% and the 30 year. Because when they try to jack it up any more than that, people stop buying altogether.
23 posted on
03/06/2016 8:27:34 PM PST by
grey_whiskers
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