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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 685.66+0.2%Dec 5 4:00 PM EST

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To: robert b furman who wrote (5686)6/11/2010 4:04:37 PM
From: w0z  Read Replies (2) of 219724
 
I was originally with Brown & Co, and eTrade retained similar margin rates after their acquisition. I thought they were very reasonable and have been using margin instead of a mortgage to finance my current house since 1995 because the rates were much lower.

$1,000,000 or more 2.89% (1.25% below base rate)
$500,000 to $999,999 3.64% (0.50% below base rate)
$250,000 to $499,999.99 4.64% (0.50% above base rate)
$100,000 to $249,999.99 5.64% (1.50% above base rate)

With mortgage rates now down to about 4.5%, and expecting short term rates to go through the roof after Obama gets done, I'm now thinking about converting to a 30 year fixed mortgage.

Margin and mortgage are the only interest expenses currently deductible under IRS regs.

How do these rates compare with Scott and IAB?
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