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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 Federal Heights Colorado Real Estate Help- Federal Grants Are Making Me Crazy! Class Action Lawsuits and Unethical Settlements Is A Federal Student Loan Consolidation An Option For You? Federal Student Loan Consolidation Key Facts You Need To Know Federal Debt Consolidation Loans For Students Is A Student Loan Consolidation Or Federal Student Loan Consolidation Right For You? Student Loan Debt Consolidation The Basics Student Loan Consolidation What Are The Main Advantages? A School Loan Consolidation Primer
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