The going current market interest rate is 7.5 %.
Not exact matches
Either way, in this situation, you hold a discount bond, since
interest rates have
gone up and consequently, the price is below the
current market value.
Alternatively, if
interest rates go down, the
current value of your bond increases on the open
market to make it appear as if it is yielding a lower
rate.
However, given the
market's
current overvaluation I am
going to instead pay off the second mortgage (with the goal of having it completely paid off in 2017), then aggressively pay off some or all of the rental properties (they have a higher
interest rate than our house).
«These claims are
going to come out of the «woodwork» once
interest rates increase, although this may seem an unlikely prospect in the
current market, and in particular in those loans prior to 2009 which may have had a high loan to value ratio.