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Mortgage Professor about federal reserve: | |||||||||||||||||||||||
When Is the Right Time For a Mortgage Lock?
April 23, 2001, Revised September 13, 2005 Should Borrowers Forecast Interest Rates? "I have been pre-approved for a loan on my new home but have yet to lock in the interest rate. When would be a good time ... more... Why Isn't the APR Locked With the Rate? December 6, 2004 The APR Never Gets Locked ?Recently I locked my $100,000 mortgage at an interest rate of 5.75% and 1 point, with an APR of 5.94%. Now the rate is the same, but I?m told that the APR is 5.99%. I don?t understand this, how can the rate be locked but not the APR? ... more... |
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federal reserve related definitions |
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Freddie Mac
Freddie Mac Federal Home Loan Mortgage Corporation (FHLMC) also called "Freddie Mac" - a quasi-governmental, federally sponsored organization that acts as a secondary market investor to buy and sell mortgage loans. FHLMC sets many of the guidelines for conventional ... 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 federal reserve Still Using Federal Reserve Notes?(How to Beat Inflation) Banks and Monetary Policy: the Mechanics of Interest Rates Setting MORAL ARMOR'S Economic Warning for Americans The US Dollar Is Not Weak Home Equity Loan Improvements The Three Largest Factors In Your Interest Rate FICO Scores and Mortgage Rates Learning the Disturbing Facts about Credit Card Debt Out of Credit Card Debt - Without Filing Bankruptcy Back To The Future - Big Changes Are Coming, Get Ready Now
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