Mortgage rate


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Mortgage rate

Mortgage Rate

The interest rate on a loan used to buy real estate. Some mortgages have fixed mortgage rates, meaning that it remains constant over the life of the mortgage, while adjustable-rate mortgages have variable mortgage rates, meaning that interest rates change according to prevailing interest rates, at least within certain limits. The mortgage rate, along with the amount of the loan and the time until it comes due, helps determine one's monthly payment. See also: Mortgage-backed security.
References in periodicals archive ?
12, 2015 /PRNewswire/ -- Mortgage rates climbed higher this week, with the benchmark 30-year fixed mortgage climbing to 4.
htm) Jonathan Miller , have said that the low mortgage rate is even hurting the housing market, making banks extremely selective because profit margins are so low.
He notes that mortgage rates didn't increase significantly in 2004 because the economy didn't grow very fast and because the dollar has remained weak.
7 percent from a year ago when the mortgage rate was higher.
TORONTO -- Stability is expected to be in store for both fixed and variable mortgage rates - a contrast to continued economic uncertainty on the Canadian and global scale.
As short-term mortgage rates continue to rise, homebuyers are increasingly looking to long-term fixed-rate mortgages, according to Homebridge Mortgage Bankers.
If you plan to stay in the house seven years or longer, it would be worth it to refinance to a 30- or 15-year fixed mortgage rate at 6.
Experts have predicted an increase in mortgage rates since early 2004, but this has not yet occurred.
Credit mortgage rates that this week hit a 45-year low, according to a survey by the Washington, D.
Associates, the nation's biggest tracker of mortgage rate information.
8, 2015 /PRNewswire/ -- Mortgage rates moved back below the 4 percent threshold for the first time since May, with the benchmark 30-year fixed mortgage settling at 3.
We believe the mortgage rate environment will continue to be somewhat volatile week-to-week, month-to-month.

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