Subprime
Subprime
Subprime describes borrowers or loans that are less-than-ideal. A subprime borrower, for example, usually has a low credit score. A subprime loan is a debt obligation that doesn't meet conservative underwriting standards, either because of the borrower's qualifications, or the structure of the debt itself.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed |
4.83 |
| 15 yr fixed | 4.38 |
| 5/1 ARM | 3.68 |
Rates may contain points
