Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
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... |
|||||||||||||||||||||||
federal reserve related definitions |
|||||||||||||||||||||||
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... |
|||||||||||||||||||||||
More about federal reserve Reasons to Refinance When Rates Are Moving Up Debt Consolidation and Personal Finances: Learn the Truth! Greenspan Legacy Fragile, Policy Predictable Asset Searching for Recovery Actions - The Decision Maker's Critical Tool Part 1 Fed Hikes Interest Rates Again Mortgage Refinance Quote Offers Flexibility to Homeowners Negotiating A Short Sale The High Road to Huge Foreclosure Profits Like it or Not, Finance Matters, a Lot Time Out Mortgage Cycling - Brilliant or Risky
|
|
||||||||||||||||||||||
|