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Rates on a 15-year mortgage stand at an average 6.74% for purchase and 6.77% for refinance, up 20 basis points from 6.54% and up 17 basis points from 6.60% last Monday. The average rate on a 30 ...
20-year fixed rate — 6.76%. 15-year ... funds target interest rate at a 23-year high of 5.25% to 5.50%, marking the sixth consecutive time the Fed's held the benchmark rate unchanged since July ...
t. e. A zero-coupon bond (also discount bond or deep discount bond) is a bond in which the face value is repaid at the time of maturity. [1] Unlike regular bonds, it does not make periodic interest payments or have so-called coupons, hence the term zero-coupon bond. When the bond reaches maturity, its investor receives its par (or face) value.
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