Only the best mortgage rates
Tuesday, January 6, 2009
OUR  RATES  TODAY
Rate
Points
APR
30 Fixed
NA
0
NA
15 Fixed
NA
0
NA
5/1 ARM
NA
0
NA
1yr ARM
6.0
0
6.02
Our rates are updated every 15 minutes. Next update in  min.
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NATIONAL AVERAGES
 
Rate
Points
 
30 Fixed
 
6.18
0.4
 
15 Fixed
 
5.93
0.4
 
5/1 ARM
 
5.98
0.5
 
1yr ARM
 
5.47
0.6
 

Current national averages as
reported  December 28, 2006

Source: Freddie Mac

yield
The ratio of investment income to the total amount invested over a given period of time.

yield curve
A graphic representation of market yield for a fixed income security plotted against the maturity of the security.

yield maintenance
The prepayment premium which will equal the present value of any costs to the lender resulting from the difference in interest rates between the date of the note and the date on which the prepayment is made.

yield to maturity
The lender's percentage of annual return on actual funds loaned, assuming that the loan will be paid in full at maturity.

 

Mortgage Terms Glossary

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