Over the past 30 years, interest rates have varied widely. The rate for a 30-year mortgage reached a high of… : Solution Essays
Over the past 30 years, interest rates have varied widely. The rate for a 30-year mortgage reached a high of 14.75% in July 1984, and it reached a low of 4.64% in October 2010.A significant impact of lower interest rates on society is that they enable more people to afford the purchase of a home.We consider the purchase of a home that sells for $125,000.Assume […]