Rebate
Rebate
A rebate is a partial refund of a purchase transaction. More generally, a rebate can also be a discount, incentive, or kickback, such as the discount provided when a bill of exchange is fulfilled before maturity. In a bond short sale, the lender will sometimes pay a rebate of interest earned on the sale's proceeds to the seller.
Get Mortgage Rates
National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed | 4.39 |
| 5/1 ARM | 3.69 |
Rates may contain points
