Real Estate Definitions
Definitions of commonly used terms used in real estate, housing and mortgage industries.
Adjustable Rate Mortgages
How mortgages with variable rates work and their strengths and weaknesses.
How mortgages with variable rates work and their strengths and weaknesses.
Conventional Mortgages
Definition of conventional mortgages, which include fixed rate and adjustable rate mortgages.
Definition of conventional mortgages, which include fixed rate and adjustable rate mortgages.
Fed Funds Rate
A definition of the most important interest rate in the world.
A definition of the most important interest rate in the world.
Fixed Rate Mortgage
Mortgages with fixed interest rates and their benefits.
Mortgages with fixed interest rates and their benefits.
Interest Rate
A definition of interest rate, including central bank interest rates, and how they impact the U.S. economy.
A definition of interest rate, including central bank interest rates, and how they impact the U.S. economy.
Interest-only Loan
A definition of mortgages whose payment goes only against the interest portion.
A definition of mortgages whose payment goes only against the interest portion.
Inverted Yield Curve
When the Federal short term interest rate is greater than the long term rate, and how that affects the mortgage market.
When the Federal short term interest rate is greater than the long term rate, and how that affects the mortgage market.
Mortgage-backed Securities
Defines how mortgages are packaged to be sold on the secondary market.
Defines how mortgages are packaged to be sold on the secondary market.
Mortgages
Specialized loans that were designed to make homeownership affordable.
Specialized loans that were designed to make homeownership affordable.
New Home Sale
The first step in buying a new home.
The first step in buying a new home.
New Home Start
When ground is broken for a new home.
When ground is broken for a new home.
Real Estate
A broad term which includes residential, commercial, and industrial properties as well as vacant land.
A broad term which includes residential, commercial, and industrial properties as well as vacant land.
Savings and Loans
Banks that specialized in mortgages.
Banks that specialized in mortgages.
Secondary Mortgage Market
How mortgages are sold by the banks to investors.
How mortgages are sold by the banks to investors.
Subprime Mortgage
Mortgages that are granted to borrowers with less than perfect credit.
Mortgages that are granted to borrowers with less than perfect credit.