At the early-2024 peak, interest on a $500,000 family loan ran $30,000 a year, compared with $15,000 now. A loan made by December 31 keeps the 3% rate for its life if the borrower pays interest every year, with the first payment due January 30, 2027. The rate resets each quarter from the average three-month Treasury bill yield, rounded up to the next whole percentage point.
This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.
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