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Mortgage Professor about prime bank rate: | |||||||||||||||||||||||
Which Adjustable Rate Mortgage Index Is the Best?
February 7, 2000 "Could you tell me which ARM index is best for the borrower, and why?" An ARM's index is used to set the interest rate, subject to any rate caps, after the initial rate period ends. For example, a ... more... Adjustable Rate Mortgage Indexes Last Updated October 28, 2005 COMMONLY USED ARM INDEXES A. Cost of Funds, Eleventh District (COFI) B. 1-Year Treasury Constant Maturity Rate C. ... more... |
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prime bank rate related definitions |
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Prime Rate
Prime Rate In North American banking, the prime rate is the interest rate a banks charge to their best or "prime" customers. Each bank will quote a prime lending rate. Many institutions quote prime rates established by large money center commercial banks such as ... 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 prime bank rate Home Mortgage Loans - Fixed Rate, Adjustable or Balloon, Which One Is Right For You? Mortgage Loan Basics: Interest Only Loans, Pay Option ARM Banks and Monetary Policy: the Mechanics of Interest Rates Setting Do Your Homework - Find the Mortgage That Fits Your Lifestyle and Your Budget Red Bank Tennessee Real Estate Best Buy to Let Mortgages Secured Homeowner Loans to Reiterate that a Home Provides More than a Roof Over Your Head Red Bank New Jersey Real Estate Follow A Few Simple Steps To Make Shopping For Your New Home Loan A Little Easier Bad Credit? Finance Your Home Mortgage Loan with a Sub Prime Mortgage Lender
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