Subprime loan

Subprime loan

A subprime loan is a debt obligation made to a lesser-qualified borrower. The subprime loan is typically characterized by a higher interest rate and more restrictive terms relative to a conventional loan of a similar type.

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National Rates

Loan Type Today
30 Year Fixed   5.90
15 Year Fixed   5.65
5/1 Adjustable   6.01

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