Since rates are all about the ubiquitous BASIS POINTS, why don’t they just report the cost of money in BPs? “Your mortgage is going to be 5,750 basis points”. “Your credit card rate is 33,750 basis points”.
Yep. I hate jargon.
“Your mortgage is going to be 5,750 basis points”. “Your credit card rate is 33,750 basis points”.
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“Would you like fries with that? They’re just 400 basis points.”