30 year conf. fixed 5.790%
15 Year Conf. Fixed: 5.340%
5/1 Arm: 5.550%
30 Year Jumbo: 7.620%
FHA: 6.910%
VA: 6.910%
3/1 Interest Only: 5.500%
5/1 Interest Only: 5.750%

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Vocabulary...

Adjustable-rate loans, also known as variable-rate loans, usually offer a lower...

Annual percentage rate (APR) is the cost of credit expressed...

Conventional loans are mortgage loans other than those insured or guaranteed...

Escrow is the holding of money...

Fixed-rate loans generally have repayment terms of...

The interest rate is the cost of borrowing money...

Loan origination fees are fees charged by the lender for...

Lock-in refers to a written agreement guaranteeing...

A mortgage is a document signed by a borrower...

Overages are the difference between...

Points are fees paid to the lender...

Private mortgage insurance (PMI) protects the lender against a loss...

Thrift institution is a general term for savings banks and savings...

Transaction, settlement, or closing costs may include application fees; title examination, abstract of title, title insurance, and property survey fee...

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