Sentences with phrase «mortgage is tied»

Adjustable Rate Mortgages (ARMs) are fixed for the initial period and then adjust depending on the index that the mortgage is tied to.

The interest rate on your mortgage is tied directly to how much you pay on your mortgage each month — lower rates usually mean lower payments.

The ARM Index refers to the underlying base rate that an adjustable rate mortgage is tied to.

After the pre-set number of years (in this case, 7), the interest rate adjusts once a year (the 1) for the remaining term of the loan, according to three factors: the level of the index that the mortgage is tied to, such as the LIBOR; the ARM Margin established at the onset of the loan; and the Mortgage Cap.

A mortgage is tied to your home, meaning you risk foreclosure if you fall behind on payments.

These days, a lot of adjustable - rate mortgages are tied to the one - year constant - maturity Treasury bill (CMT) or the London Interbank Offered Rate (LIBOR).

Since many of your mortgages are tied to LIBOR that might be something real to really get upset about

The rate for these mortgages is tied directly to the prime rate, which is set by the Bank of Canada, usually through regularly scheduled announcements.

These days, a lot of adjustable - rate mortgages are tied to the one - year constant - maturity Treasury bill (CMT) or the London Interbank Offered Rate (LIBOR).

Not exact matches

«Home Capital ran into problems with one of its mortgage brokers who gave it some bad information,» he said, referring to how the company cut ties with 45 brokers after an internal investigation revealed borrower income and employment information had been falsified in some instances.

That's something I probably never would have done if I felt tied to my corporate job to pay the mortgage.

(The latter included the «toxic» collateralized debt obligations that became relatively valueless because they were tied to sub-prime mortgages.)

In addition, mortgage lending, which is tied to long - term Treasury rates, is less important for the big banks than it used to be.

Back in 2010 it paid $ 550 million to settle charges brought by the Securities and Exchange Commission that it mislead investors into buying a so - called synthetic collateralized debt obligation named Abacus, which was made up of a bundle of financial instruments tied to subprime mortgage bonds, many of which plummeted in value shortly after the deal was sold.

And mortgage rates were tied to long - term interest rates, which tend to rise when the economy improves, not necessarily when the Fed increases interest rates.

Since ARMs are typically tied to an index, your new mortgage rate could be higher or lower than the previous one.

Adjustable - rate mortgages are a hybrid type of loan in that the interest rate is usually fixed at first, but then fluctuates based on the rise or fall of an index chosen by mortgage lenders — commonly, an index tied to an investment in U.S. Treasuries.

Other rates tied to the Fed's, like mortgage rates, are going up as well, and that's weighed a bit on mortgage lending and refis.

This index is very heavy on government bonds and mortgages, and in a world of potentially rising rates, nobody wants to be tied to the «Agg,» as it is known.

Banks» prime rates are also tied to variable rates on products like credit cards, adjustable - rate mortgages, or variable - rate student loans.

Bad news if you're in the market for a mortgage, since rates are tied to the 10 year.

Depending on the company selling you mortgage life insurance, the policy may be tied to your home or bundled as part of the mortgage.

Rates on fixed mortgages — such as the 30 - year for purchases and the 15 - year for refinances — don't follow in lockstep with the fed funds rate — it's actually tied more closely to the yield on the 10 - year Treasury note, which is also on the rise.

Increases in the big bank prime rates push up the cost of variable - rate mortgages and other loans such as home equity lines of credit that are tied to the benchmark rate.

For instance, if your ARM loan is tied to the 1 - year LIBOR index, and the LIBOR goes up when your first adjustment comes around, your mortgage rate will go up as well.

Chances are, your adjustable mortgage rate will be «tied» to one of these three indexes.

What this means is that mortgage rates tied to Treasury bonds had a massive move, the largest in many years.

Most mortgage programs limit their loan sizes, and many of these limits are tied to local housing prices.

A May 2016 New York Fed report listed the many different classifications of debt whose rates are tied to USD LIBOR, with the following estimated dollar amounts: $ 1.4 trillion of retail mortgages, $ 1.0 to $ 1.8 trillion of commercial mortgages, $ 0.9 to $ 1.5 trillion of business loans, and $ 1.8 trillion of residential mortgage backed securities, to name just a few.

But with the Bank of Canada signaling Wednesday it won't be raising rates — its neutral stance could even mean lower rates — consumers can safely slide back into variable mortgages tied to prime which tracks the central bank rate.

Ginnie Mae mortgage bonds are tied to FHA mortgage rates.

Fannie Mae mortgage bonds are tied to conforming mortgage rates.

Since mortgage rates are tied to the longer end of the Treasury yield curve, as those rates rise, we may see demand impacted from higher mortgage rates.

If you have less than two years remaining on your adjustable rate mortgage before it becomes variable, I highly recommend you refinance today or before the fixed rate ends because ARMs are tied to LIBOR rates once they are variable, and LIBOR rates have surged higher.

Even so, that doesn't mean mortgage rates will go up because mortgage rates are more tied to the 10 - year bond yield which has been declining due to all the risk in the markets.

However, the downside of many of the mutual funds along with the dividend mutual funds is their tie to the mortgage financing.

In the wake of news that Fannie Mae is seeking an additional government bailout of $ 8.4 billion after a first - quarter loss of $ 11.5 billion, Rick Lazio declared himself «appalled» by the ask and sought to tie the mortgage finance giant's mess to AG Andrew Cuomo.

Sen. John DeFrancisco, R - Syracuse, said not every family would want a brand new mortgage, especially if it offered cheaper payments tied to a longer term.

Democrats are trying to tie a Republican state Senate candidate on Long Island to the sub-prime mortgage crisis.

Ron Howard, who's tied to this franchise like a man trapped in a decaying house by a huge mortgage, tries without success to blow life into David Koepp's script.

(I was reminded of certain TV comedy skits where the heroic canine, running to get help, barks for about thirty seconds and the strangers he's communicating with deduce that the sawmill's on fire, the heroine is tied to the railroad tracks AND the mortgage is overdue!)

You're already tied into a higher mortgage payment, and you'd have to refinance in order to get out of it.

Second, unlike the demand in the following article discussed by Mark Hanson, the demand for Houston and Texas housing is tied / backed by mortgages.

The length of the rate lock period is usually tied to the time it takes to get a mortgage approved and ready to close.

Depending on the company selling you mortgage life insurance, the policy may be tied to your home or bundled as part of the mortgage.

A mortgage or auto loan is a secured loan, because if the borrower defaults or the debt goes to collections, the bank can repossess the asset tied to the loan — a house or a car — and resell it.

A personal loan is an unsecured loan, which means that it's not tied to any type of collateral, like a mortgage or car loan.

In some adjustable rate mortgages, the borrower's interest rate is actually tied directly to a major index rate such as the 10 - Year US Treasury bond or the London Interbank Offered Rate (LIBOR).

If you have an adjustable - rate mortgage, a private student loan, or some other floating rate loan, search through your dusty files for the paperwork, get out your fine - print magnifying glass, and there's an excellent chance you'll discover that your rate is tied to LIBOR.

Stock investors are likely coming to grips with the reality that when home price growth doubles the pace of wage growth, and mortgage costs tied to the 10 - year continue climbing, consumers may not be able to spend freely.