Parmer home equity loans - Compare mortgages by city in Parmer

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

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Today's Mortgage Terms starting with D Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan. Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan. Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate. Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price. View all Terms

Mortgage.net - Parmer home equity loans - Compare mortgages by city in Parmer