Subprime mortgage
Subprime mortgage
Subprime mortgage is a real estate property loan made to a lesser-qualified borrower. A subprime mortgage carries a higher interest rate and more restrictive terms relative to a conventional (also called prime) mortgage. Borrowers of subprime mortgages generally have low credit scores and past documented credit issues.
National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.93 |
| 15 yr fixed | 4.38 |
| 5/1 ARM | 3.79 |
Rates may contain points
