ilmscore | Mortgage Interest Rate Impact Predictions
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Accuracy

Recent Predictions

Total: 2
Correct: 0
Incorrect: 0
Pending: 2
Unrated: 0
Prediction
Author
Predicted at
Status
Video
Mortgage interest rates below 5% dictate a different financial strategy compared to rates above 5%.
"if my mortgage is sub 5% it's going to be a different answer that my mortgage is above 5%"
May 5, 2024
Pending
With a low mortgage rate (e.g., 3%), it can be more financially advantageous to put extra money into a high-yield savings account (e.g., 5%) and then use that to pay down the mortgage. However, with higher mortgage rates (e.g., 7-8%), the decision-making process changes.
"if you have a 2 and a half% mortgage or a 3% mortgage or a 3 and a half% mortgage it's a different t..."
Feb 16, 2024
Pending