This spread accounts for the increased risk associated with a mortgage vs. a bond. So a 10-yr bond yield of 4.00% plus the 170 basis points would put mortgage rates around 5.70%. Of course, this spread can and will vary over time, and is really just a quick way to ballpark mortgage interest rates.
If you bring an advisor, say, $100,000 of your savings and the advisor charges a 1.0% fee, you'll pay the advisor $1,000 a year. According to Forbes, these fees run from 0.75% to 1.5% of your account annually, though 2% is not uncommon.
Well, not exactly. You have to consider interest. If you don't pay your full credit card balance at the end of the month, the bank will charge you interest on the amount you still owe -- anywhere from 10 to 28 percent [source: CreditCards.com ]. Carrying a balance from month to month is called revolving your debt.