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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 Debt Elimination Scam A History of Money and Banking Secrets That Banks Don't Want Published WARNING: Many Home Owners May Be Living Above Their Means! Warning: Many Home-Owners Could Be Living Above Their Means! Home Mortgages: Up, Up and Away! Is a Risky Mortgage Right for You? Housing Bubble, Interest Rates, Timber Costs; What Has Changed? What If Mortgage Re-Financing Were Simplified? Mortgage Glossary - A Glossary of Mortgage Terms You Should Know Are Interest Rates Up, Up and Away?
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