| last is the life cap. When only two values are given, this always means the initial change cap and periodic cap are the same. The longer the initial fixed period, typically, calculator equity mortgage higher the caps are given. “Interest rates on 30-year fixed-rate mortgages remained low, averaging 5.76 percent, in the third quarter while the prime rate, key to home equity lending and lines of credit, rose to 6.75 percent,” said Frank Nothaft, Freddie Mac vice calculator equity mortgage and chief economist. “The sharp rise in the cost of home equity lines of credit and the expectation that mortgage interest rates will go higher over the next year induced homeowners to look towards the refinancing option calculator equity mortgage extract home equity for home improvements or other investment purposes now.” “We are forecasting that home equity extraction from the refinancing of prime first mortgage liens will result in an extraction of $204 calculator equity mortgage in 2005, up from the $142 billion |
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