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Loan Options Research the current mortgage interest rates for a 10 year, 15 year, 20 year, and 30 year loan. In Excel, graph the interest
Loan Options
- Research the current mortgage interest rates for a 10 year, 15 year, 20 year, and 30 year loan.
- In Excel, graph the interest rates using years as the X-axis and interest rates as the Y-axis.
- Using the graph, describe the following:
- Type of yield curve presented in the graph.
- Relationship between interest rates and number of years to maturity.
- Impact that risk and inflation has on the interest rates as the maturity date is lengthened.
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