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Average mortgage rate continued easing across the board, pulling the average rate on a 30-year fixed mortgage under 7% and 15-year terms under 6.5% as of Thursday, June 20, 2024, a week after the ...
The "discount rate" is the rate at which the "discount" must grow as the delay in payment is extended. This fact is directly tied into the time value of money and its calculations. The present value of $1,000, 100 years into the future. Curves representing constant discount rates of 2%, 3%, 5%, and 7%
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