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Started By
Message
WSJP 7% highest since 2007
Posted on 11/3/22 at 8:51 am
Posted on 11/3/22 at 8:51 am
Expected to increase again before year end
Tough times to be a lender
Tough times to be a lender
3
Posted on 11/3/22 at 8:52 am to LSU6262
quote:
WSJP
What's this
Posted on 11/3/22 at 9:15 am to Billy Blanks
Wall Street Journal Prime Rate. It’s essentially the market rate in which most banks use to base their own rates off of.
Posted on 11/3/22 at 9:16 am to LSU6262
quote:oh those poor babies
Tough times to be a lender
Posted on 11/3/22 at 10:58 am to wileyjones
quote:
oh those poor babies
It's hard to drum up sympathy for the people that have made a killing over the last 15 years of basically ZERO percent interest rates.
Posted on 11/3/22 at 12:05 pm to LSU6262
When the total interest paid on the life of a thirty year loan is 45-50% of the purchase price, even at a 3% rate, I think they are gonna be ok.
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