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Mortgage Professor about Prime Bank Rate: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Which Adjustable Rate Mortgage Index Is the Best?
February 7, 2000 "Could you tell me which ARM index is best for the borrower, and why?" An ARM's index is used to set the interest rate, subject to any rate caps, after the initial rate period ends. For example, a ... more... Adjustable Rate Mortgage Indexes Last Updated October 28, 2005 COMMONLY USED ARM INDEXES A. Cost of Funds, Eleventh District (COFI) B. 1-Year Treasury Constant Maturity Rate C. ... more... |
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Prime Bank Rate related definitions |
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Prime Rate
Prime Rate In North American banking, the prime rate is the interest rate a banks charge to their best or "prime" customers. Each bank will quote a prime lending rate. Many institutions quote prime rates established by large money center commercial banks such as ... more... Adjustable Rate Mortgage, ARM Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more... |
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More about Prime Bank Rate Law Practice Finance Open the Cash Vault Inside Your Home The Three Largest Factors In Your Interest Rate Home Loans for People with Bad Credit Using a Sub Prime Mortgage Lender Home Loans for People with Bad Credit - Using a Sub Prime Mortgage Lender Subprime Mortgage Loans Online - What To Expect Real Estate: Will the Mortgage Lending Market Hit the Wall? Mortgage Companies - Prime Lenders vs Sub Prime Lenders Adverse Credit Mortgages - Home Buying Tips Bad Credit Loans and Lender Questions & Answers
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