The easing of rates came amid steep declines in the stock market and tumbling interest rates on the 10-year U.S. Treasury note – which influences long-term mortgage rates. The decline in rates could.
In 2012, it offered its 10-year product at a rate of 6.19 per cent. While that rate seems exorbitant in today. more in interest than they needed to. Over the past year alone, they will have paid 2.