Luck refers to that which happens to a person beyond that person's control. This view incorporates phenomena that are chance happenings, a person's place of birth for example, but where there is no uncertainty involved, or where the uncertainty is irrelevant.
Average rates on 30-year fixed-rate mortgages have climbed in recent weeks by about a quarter-percentage point, from 3.75 percent to almost 4 percent â about a $600-a-year difference on a $350,000 mortgage. Several sources of data suggest that buyers are paying more attention to the threat of higher rates.
Commercial mortgage interest rates are usually higher than the interest rates for a residential mortgage. The higher rates result from several factors: It can be harder for banks to gauge the creditworthiness of company than of a person, since companies -especially new ones- may not have as long of a credit history as people do.