Currently viewing the tag: "prime rate"

Fed Meetings = Mortgage Rate Changes

On April 28, 2010 By

The Federal Reserve adjourns from a scheduled, 2-day meeting today. These tend to be highly influential days where mortgage rates can move significantly in a very short amount of time.

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Prime conforming

On September 23, 2008 By

Prime conforming describes a mortgage loan made to a well-qualified borrower in an amount that’s within the conforming limits set by the Office of Federal Housing Enterprise Oversight (OFHEO). Prime refers to the borrower’s creditworthiness; conforming refers to the conservative loan size and structure, which makes the loan eligible for resale to, [...]

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