Management’s Discussion and Analysis of Financial Condition and Results of Operations As used in this Quarterly Report on Form 10 Q, "Company," "we," "us," "our," and "Anworth" refer to Anworth.
Business Lending Rates [100 basis points = 1 percentage point] Despite the rate cut, the response from banks, in cutting lending rates, has only been partial. Only a few banks reduced their marginal cost of funds based.1 Million Mortgage Payment The ideal mortgage amount is $1,000,000 if you can afford it. Back in 2002, a $1 million mortgage cost around $50,000 to $65,000 a year in interest expense given mortgage rates were 5%-6.5% for a 5/1 ARM or a 30-year fixed.
Looking for a mortgage? You may soon find it easier to borrow $3 million than $300,000. J.P. Morgan Chase & Co. (JPM), the U.S.’s second-biggest mortgage lender is set to join Wells Fargo & Co.