A mortgage means a loan from a lender to a borrower so the borrower can buy a home; the lender requires that the borrower pledge the home as security. The terms mean that the loan is for 30 years with monthly payments (fully amortized, same payment every month for 360 months). The interest rate varies depending on conditions that are happening in the economy. On the chart, "Pts" means points, which is a fee that the lender charges to make the loan; let's just ignore that for now. Answer the following two questions: 1. What is the interest rate for the most current month (state the month, year, and rate)? If you borrowed $200,000, what would your monthly loan payment be? 2. What is the interest rate for the month and year you were born (state the month, year, and rate)? If you borrowed $200,000, what would your monthly loan payment be? 3. As you can see, mortgage loan interest rates (and actually all interest rates in the economy are at historical lows). Is this a good thing or a bad thing? How might your answer vary depending on whether you are a lender, borrower, or saver?