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.
National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed |
4.92 |
| 15 yr fixed |
4.36 |
| 5/1 ARM | 3.76 |
Rates may contain points
