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Mortgage Rate Trends and Market Update

21-Nov-08

Last

Change

0.00%

0.04%

-0.04%

-0.11%

-0.08%

-0.10%

7 Year Fixed Rate Mortgage This marker indicates the current chart.

2.49%

0.17%

-0.04%

-0.01%

This marker indicates the current chart. Use links on left to view charts. Click to enlarge.

Week Month Year 3 Yrs

sources: informars.com, erate.com, Freddie Mac

NAMB, Equal Housing Opportunity, BBB Reliability Online, SSL Secure Server

Bangor	Charleston	East Newport	Hampden	Lagrange	Milford	Orrington	Stetson
Bradford	Corinna	Eddington	Holden	Lee	Millinocket	Passadumkeag	Stillwater
Bradley	Corinth	Etna	Howland	Levant	Newport	Patten	West Enfield
Brewer	Dexter	Exeter	Hudson	Lincoln	Olamon	Plymouth	Winn
Burlington	Dixmont	Garland	Kenduskeag	Mattawamkeag	Old Town	Springfield

Carmel	East Millinocket	Greenbush	Kingman	Medway	Orono	Stacyville

Today's Mortgage Terms starting with I Index: An index is usually a widely published market rate such as LIBOR, T-Bill or 11th District Cost of Funds (COFI). Lenders use these indices to set the interest rates charged on mortgage loans. For ARM, a predetermined margin is added to the index to calculate the interest rate adjustment. Initial Rate: The rate charged for the first interval of an ARM loan. Interest: Compensation in the form of money paid for the use of money. Interest Rate Cap: Caps limit the range that the interest rate on an adjustable rate mortgage can change in an adjustment interval during the term of the loan. View all Terms

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