Gary Feix - South Florida Realtor

Weekly Mtg. Rates

30 Year Fixed	3.92 %
15 Year Fixed	3.16 %
1 Year ARM	2.79 %
Freddie Mac Natl. Avg. Updated 3/15/2012

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Glossary

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Interest-only loan

The pays only the interest that accrues on the loan balance each month. Because each payment goes toward interest, the outstanding balance of the loan does not decline with each payment .