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Mortgage Professor about average interest rate on loans: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Another Look at No-Cost Mortgage Refinance
September 2002, Revised August 17, 2004 "Another expert recommends refinancing using a no-closing-cost option. His reasoning is that on a refinance, any points paid upfront must be taken as a tax deduction over the life of the loan. This is in contrast to a purchase ... more... Why Aren't Brokers Interested in My Business? May 7, 2001 "My current mortgage has a balance of $68,000 and a rate of 8.125%. Judging from the rate quotes in the press and on-line, I should be able to refinance at 7%. Using your refi calculator, I should be able to cover ... more... |
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average interest rate on loans related definitions |
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Index
Index A published interest rate against which lenders measure the difference between the current interest rate on an adjustable rate mortgage and that earned by other investments (such as one- three-, and five-year U.S. Treasury security yields, the monthly average interest rate ... 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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