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Mortgage Professor about Today Prime Interest Rate: | |||||||||||||||||||||||
Tutorial on Selecting Mortgage Features
Planning to shop for a mortgage on-line? You need to answer the following questions first, so you know exactly what you are shopping for. 1. What Type of Mortgage Should I Select? 2. Which Mortgage Options Should I Select? 3. How Long a Term Should I Take? 4. ... more... Questions About Mortgage Interest Rates 4 October 2001, Revised 11 November 2004, Revised February 22, 2005 "Do declining bond prices cause interest rates to rise?" No, declining bond prices are higher interest rates. Suppose on Monday the US Government sells a one-year note at 5%, meaning that an ... more... |
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Today Prime Interest 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... Warehouse Fee Warehouse Fee Some mortgage companies borrow money on a short term basis in order to originate loans which are to be sold later in the secondary mortgage market. When the prime rate of interest is higher on short term loans than on mortgage loans, the mortgage firm has an ... more... |
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