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Mortgage Professor about rising rates: | |||||||||||||||||||||||
Questions About the Failure of Mortgage Locks
December 15, 2003 ?Why have lock failures increased recently? A lock failure occurs when a lender does not honor a mortgage price that a borrower had believed was guaranteed. Lock failures occur when interest rates are rising and honoring locks is costly to lenders. ... more... Is a 3.95% Adjustable Rate Mortgage a Good Deal? February 21, 2000 "Despite rising interest rates in recent months, I continue to see advertisements for adjustable rate mortgages (ARMs) with a 3.95% rate. Why hasn?t the rate on this ARM risen with other rates? Is this a bait and switch, or what?" It is not a ... more... |
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rising rates related definitions |
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Negative Amortization
Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more... Variable Rate Mortgage Variable Rate Mortgage The variable rate mortgage, affectionately know as Adjusatuble rate mortgage or ARM is a mortgage with a rate that will adjust over time. You may be familiar with the term three year ARM, or five-year ARM. ... more... |
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More about rising rates Achieving Positive Cash Flow from Your Real Estate Investments Tips On Refinancing Your Home - When To Convert To an ARM The Student Loan Housing Froth Creating Imbalance for Consumers and Investors Reverse Mortgages Learn The Facts First! Understanding the Loan to Value Ratio Short-Term Interest Rates on the Rise; Adjustable Rate Mortgage Holders Prepare for Increase in Rate Adjustable Rate Mortgage Avoid a Heinous Mortgage Mistake Tips for Single Homebuyers Lesser Known Facts About Home Equity Loans
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