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.
The lower the rate, the more it boosts your credit score. The goal is to keep the rate below 20 percent. For example, if you have a credit card that has a $3,000 credit limit, ideally you should only charge up to $600, or 20 percent of the limit.That shows you have discipline when it comes to charging on your credit cards and you're not risky because you aren't close to maxing out your credit card.ay you are charging that same $600 balance, but your limit is only $1,500. Then, you have a 40 percent utilization rate. If your issuer bumps the limit to $3,000, now your utilization rate has fallen to 20 percent and helps your credit score.