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For the week ending April 26th, all U.S. Treasury Yields mentioned ended the week lower. 1-year fell by five basis points, 3-year fell by eleven basis points, 5-year by ten basis points, 10-year by eight basis points and 30-year by seven basis points. Compared to one-year ago, all yields mentioned are 27 basis points lower on average today.
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Sometimes clients ask me about amortization, which is essentially the way that interest is assessed over the life of the loan. Just like working out 15 minutes a day can make a huge difference over time, paying just a little more on your mortgage can make a huge difference on the balance of your mortgage... even get you paid off early! And if you’re wondering what rate has to do with it, even with low rates like what we’ve seen lately, the difference in just 1.25% on a $400,000 can easily be a savings of over $100,000 in interest. But for real.
DM me to talk rates and amortization. ✨✨✨
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exactly
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