Bond
Bond
A bond is a loan that's sold in shares as a security. Corporations and government entities sell bond shares to raise money for special projects, expansion, or simply to cover budgeted expenses. One who purchases a bond is called the bondholder. The terms of the bond specify when and how the bond issuer will repay the principal to the bondholder.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed |
4.83 |
| 15 yr fixed | 4.38 |
| 5/1 ARM | 3.68 |
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