BNET Business Dictionary
Business Definition for: Mortgage Rate
- the interest rate charged on a mortgage by a lender
Additional Resources
- Alliance & Leicester announces mortgage rate increase.
- M2 PRESSWIRE-18 August 2004-ALLIANCE & LEICESTER: Alliance & Leicester announces mortgage rate increaseC1994-2004 M2 COMMUNICATIONS LTD RDATE:08182004 Following the decision by the Bank of England to increase the base rate by 0.25, Alliance & Leicester has announced a 0.25 increase ...
- Research articles 2004-08-18
- Ombudsman: C&G unfair over mortgage rate
- THE FINANCIAL ombudsman yesterday ruled that Cheltenham & Gloucester acted unfairly by not moving a group of customers on to a new, lower, mortgage rate it introduced on 1 May last year. The decision could mean that thousands of borrowers receive compensation, if the mortgage bank decides to compensate those...
- Research articles 2002-06-12
- Modelling Mortgage Rate Changes with a Smooth Transition Error-Correction Model
- This paper uses a smooth transition error-correction model STECM to model the one-year and five-year mortgage rate changes. The model allows for a non-linear adjustment process of mortgage rates towards their long-run equilibrium. We also introduce time-varying thresholds into the standard STECM specification, to capture the gradual structural changes in...
- White papers 2001-12-01
- Britain's Abbey National Drops Cheap Tracker Mortgage Rate.
- Daily Mail, London Knight Ridder/Tribune Business News Sep. 25--Abbey National has pulled its cheap tracker mortgage rate, leaving it with the highest standard home loan rate on the High Street. Britain's second biggest lender this week scrapped its Lifestyle tracker ...
- Research articles 2002-09-25
- Abbey to raise mortgage rate
- HOPES that the 2.1 million home buyers with loans from the Abbey National might escape the current round of mortgage rate rises are likely to be dashed tomorrow, when the bank is expected to announce an increase in rates. Ever since the rise of 0.5 per cent in...
- Research articles 1996-01-22
- Mortgage Rate "Buydowns" Can Sell Houses in Slow Markets
- To help move at least some of the unsold houses glutting local markets, lenders are beginning to look "Back to the future" for financing techniques that worked in the tough times of the 1980s. One creative technique is known as a mortgage rate "Buydown." Rather than lower the asking price...
- White papers 2006-10-09
- Reactions mixed on White House mortgage rate freeze
- Many area real estate experts are skeptical that President George W. Bush's widely lauded mortgage rate freeze will do much to help those in the most dire straits.
- Research articles 2007-12-13
- Should You Prepay Your Mortgage?
- For some people, paying off a mortgage early is a bad financial move. Answer these six questions to see if prepaying makes sense for you. Determining whether it’s wise for you means weighing variables including your mortgage rate, tax bracket, age, other debts, and even your outlook for the...
- Articles 2009-10-02
- Mortgage Rates Drop Below 5 Percent: Freddie Mac
- By Julie HavivNEW YORK (Reuters) - U.S. mortgage rates fell below 5 percent for the first time in three weeks, a key level that may boost home loan demand and help the hard-hit housing market recover, a closely watched mortgage survey showed Thursday.Interest rates on U.S. 30-year fixed-rate mortgages...
- News items 2009-11-05
- Mortgage Points Adviser: Which Rate/Points Combination Is Right For You?
- When you pay "Points," you pay interest in a lump sum upfront to get a lower rate on your fixed rate mortgage. Each point costs 1% of the mortgage amount. The more points you pay, the lower your mortgage rate. So, which is the best for you? More points and...
- Tools & templates 2009-01-01
- Floating Rate Mortgage in Hong Kong Is Setting Up a U.S. Style Housing Market Crash
- I don’t know how many of you were in the US during 2003 when Greenspan lowered the Fed funds rate to a historically low 1%. I recall distinctly seeing mortgages offered that were linked to 1 month Libor and reset monthly. The then-current mortgage rate was of course obscenely low....
- External links 2009-09-16
- US mortgage rates rise, may curb demand
- By Julie Haviv of Reuters NEW YORK - US mortgage rates rose in the latest week as Treasury yields climbed, a move that may dampen home loan demand. Interest rates on US 30-year fixed-rate mortgages averaged 5.29 per cent for the week ending Aug. 13, up from the previous week's...
- News items 2009-08-13
- Adjustable mortgage rate lowest since 1999.(Brief Article)(Statistical Data Included)
- Home mortgage rates fell for a second consecutive week, with the rate on a 1-year adjustable mortgage at its lowest level in more than a year, Freddie Mac said March 8. The 6.29 percent rate this week follows a 6.39 percent rate last week...
- Research articles 2001-03-26
- 30-year mortgage rates drop as concerns on interest rate hike settle
- McLEAN, Va. Bloomberg -- U.S. 30-year fixed-rate home mortgage rates fell last week as concerns about Federal Reserve raising the overnight bank lending rate settle down, Freddie Mac said Thursday. The rate on a 30-year fixed-rate mortgage decreased to 8.15 percent from 8.18 percent in the...
- Research articles 1997-04-11
- Chart of the Day: 30 Year Fixed Mortgage Rate Falls to Record Low
- The Sun submits: From the rates point of view only, now may be the time to shop for a new mortgage or refinance your existing mortgage. Freddie Mac FRE today released its Weekly Primary Mortgage Market Survey, which showed that the average rate of 30-year fixed-rate mortgage has...
- External links 2009-01-15
- Credit Scoring And Mortgage Securitization : Implications For Mortgage Rates And Credit Availability
- This paper develops a model of the interactions between borrowers, originators, and a securitizer in primary and secondary mortgage markets. In the secondary market, the securitizer adds liquidity and plays a strategic game with mortgage originators. The securitizer sets the price at which it will purchase mortgages and the credit-score...
- White papers 2000-12-21
- Mortgage rates remain below 7%
- McLEAN, Va. Bloomberg -- The benchmark U.S. mortgage rate rose slightly this week, though it stayed below 7 percent for the sixth week in a row -- the longest stretch at that level in almost five years, Freddie Mac reported Thursday. The average rate on a 30-year fixed-rate...
- Research articles 1998-07-24
- A call to ARMs.(Seiders Economy)(adjustable-rate home mortgages)(Column)
- Mortgage rates have been increasing since Spring 1999 and it appears they might still go higher. Builders can maintain sales volume despite the mortgage rate increases by resorting to adjustable-rate home mortgages ARMs. They can direct home buyers to lMortgage rates have been increasing since Spring 1999 and it appears...
- Research articles 1999-10-01
- Mortgage rates drop from 2-year high
- MCLEAN, Va. Bloomberg -- The benchmark U.S. home mortgage rate fell this week, although it remained near its highest level in more than two years, according to a weekly survey of mortgage rates from Freddie Mac on Thursday. The average rate on a 30-year fixed-rate mortgage was 7.63...
- Research articles 1999-06-25
- DON'T DELAY, HOME IN ON A FIXED RATE LOAN TODAY
- Now is the time to get a fixed-rate mortgage. A fourth rise in the base rate in four months looks inevitable, as the Government fights to control inflation. Borrowers with many lenders, including the Halifax and C&G, were hit by a mortgage rate rise to 8.2 per...
- Research articles 1997-08-03
