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ASHEVILLE, N.C. – United Federal Credit Union (United) is pleased to announce the appointment of Glenn Kavanagh as director of mortgage sales at its Asheville branch in North Carolina, located at 1441.
Mortgage rates are continuing their downward spiral. According to Freddie Mac, the average rate on a 30-year fixed-rate loan has dropped to just 3.82%-down from 4.54% last June and its lowest point in.
After falling more than a half percentage point the past four months, mortgage rates rebounded this week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average.
Shares of Tremont Mortgage Trust (NASDAQ:TRMT) have earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports.
An adjustable rate mortgage (ARM) allows the lender to adjust the interest rate of a mortgage at scheduled intervals. A rate cap limits the amount the lender may increase or decrease the interest rate per each adjustment. Many ARMs also have life of loan rate caps. This represents the highest or lowest interest rate a loan may adjust to over the life of the loan.
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Despite this, mortgage rates remained mostly level. As reported by Freddie Mac, the average offered rate for a conforming 30-year fixed-rate mortgage remained at a flat 3.60% for a second week. A conforming 15-year FRMs saw its average offered rate edged two basis points (0.02%) higher, landing at 3.07% for the week.
mortgage (mrgj) n. 1. A loan for the purchase of real property, secured by a lien on the property. 2. The document specifying the terms and conditions of the repayment of such a loan. 3. The repayment obligation associated with such a loan: a family who cannot afford their mortgage. 4. The right.
Provided by Associated Newspapers Limited Bradie Claydon, 48, with husband Paul (pictured) owed $566,000 on their house with.