Parking
Parking
Parking is the action of placing cash into a safe but high-yield investment until it's needed for another purpose, such as securities purchases. Parking can also refer to the illegal transfer of shares by a brokerage for the purposes of concealing undeclared short positions created when stocks were not delivered by the settlement date.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed |
4.38 |
| 5/1 ARM | 3.68 |
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