The change might seem insignificant, but it basically means that the borrowing cost more than doubled.
It's akin to being able to pay $2,000 a month for your mortgage, but now, with a rate change, your mortgage is $4,000 a month.
The change might seem insignificant, but it basically means that the borrowing cost more than doubled.
It's akin to being able to pay $2,000 a month for your mortgage, but now, with a rate change, your mortgage is $4,000 a month.
No replies yet.