Scan Mooney arranged a 15 year, $1,700,000 fixed-rate
, nourecourse loan to refinance a 92-unit apartment portfolio comprised of 2 buildings located in the West Village and Upper East Side neighborhoods of Manhattan.
95%, while the Woolwich launched a four-year fixed-rate
deal of 3.
The average cost of a two-year fixed-rate
loan has risen to 7.
Data for February shows that 87% of first-time buyers chose a fixed-rate
loan - up from the previous record of 84% in January, and 82% in the same month last year.
The average 30-year fixed-rate
mortgage remains well below the low watermark for the 1990s.
Company A designates the swap as a fair value hedge of its fixed-rate
Though some California banks have included prepayment clauses with rate discounts on adjustable-rate mortgages for several years, virtually no major lenders in the country routinely have marketed them with fixed-rate
Depending on your firm's hedge objective, you can agree to be either a fixed-rate
payor that receives the floating rate or a fixed-rate
receiver that pays the floating rate.
Before the 1980s, virtually all refinancings involved the payoff of one fixed-rate
mortgage with the adoption of a new fixed-rate
The deal is one of the first mortgages originated under GE Real Estate's new flexible fixed-rate
product, offering borrowers more flexible terms, prepayment flexibility and in-house asset management.
The average rate on a 30-year, fixed-rate
mortgage for the United States in 2003 is projected at 6.