Coupon
Coupon
Coupon, in finance, is the stated interest rate of a fixed-income security. If a bond is issued with a stated rate of 5 percent, it's said to have a 5 percent coupon. The term is derived from the usage of tear-off coupons with paper bonds; the bondholder would have to remove and redeem the coupon to receive the periodic interest payment.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed |
5.03 |
| 15 yr fixed |
4.58 |
| 5/1 ARM | 3.99 |
Rates may contain points
