Phrases with «mortgage resets»

"mortgage resets" means that the terms of a mortgage loan are being changed or adjusted. This can often happen when the initial period of a mortgage (with a fixed interest rate) ends, and the rate is reset to a new value, usually based on market conditions. It can affect the amount of your monthly mortgage payments and how long it will take to pay off the loan. Full definition

mortgage resets

Sentences with «mortgage resets»

As I noted last year, the bulk of mortgage resets did not even begin until October, and are likely to continue well into 2009. (hussmanfunds.com)
Moreover, Fed tightening can do nothing to ease the food and energy pressures short of intentionally throwing the U.S. into a deeper recession (by making adjustable - rate mortgage resets more onerous than they already are). (hussmanfunds.com)
The effort is aimed at stemming a threatened wave of foreclosures in coming years as 2 million subprime mortgages reset from their introductory teaser rates of around 7 percent to 8 percent to levels as high as 11 percent, adding hundreds of dollars to the typical monthly payment. (debthelp.com)
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Phrases with «mortgage resets»

Sentences with «mortgage resets»

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