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2. What Is APY and What Does It Mean for Your Savings Account? - AOL

   www.aol.com/news/apy-does-mean-savings-account...

   APY and interest rate are two different financial concepts, so here’s what you need to know.

3. U.S. prime rate - Wikipedia

   en.wikipedia.org/wiki/U.S._Prime_Rate

   The prime rate is used often as an index in calculating rate changes to adjustable rate mortgages (ARM) and other variable rate short term loans. It is used in the calculation of some private student loans. Many credit cards with variable interest rates have their rate specified as the prime rate (index) plus a fixed value commonly called the ...

4. Mortgage rate lock: What it is and when you should use one - AOL

   www.aol.com/finance/mortgage-rate-lock-one...

   A rate lock is a guarantee that a mortgage lender will honor a specific interest rate at a specific cost for a set time. The benefit of a mortgage rate lock is that it protects you from market ...

5. Interest - Wikipedia

   en.wikipedia.org/wiki/Interest

   This is an accepted version of this page This is the latest accepted revision, reviewed on 18 December 2024. This article is about the financial term. For other uses, see Interest (disambiguation). Sum paid for the use of money A bank sign in Malawi listing the interest rates for deposit accounts at the institution and the base rate for lending money to its customers In finance and economics ...

6. Discount window - Wikipedia

   en.wikipedia.org/wiki/Discount_window

   The interest rate charged on such loans by a central bank is called the bank rate, discount rate, policy rate, base rate, or repo rate, and is separate and distinct from the prime rate. It is also not the same thing as the federal funds rate or its equivalents in other currencies, which determine the rate at which banks lend money to each other .

7. July Fed meeting preview: As unemployment rises and ... - AOL

   www.aol.com/finance/july-fed-meeting-preview...

   The current unemployment rate of 4.1 percent is still below the Fed’s estimates of the “natural” rate of unemployment (4.2 percent) — a level that allows for everyone who wants a job to ...

8. Subprime mortgage crisis - Wikipedia

   en.wikipedia.org/wiki/Subprime_mortgage_crisis

   Nearly one in 10 mortgage borrowers in 2005 and 2006 took out these "option ARM" loans, [2] and an estimated one-third of ARMs originated between 2004 and 2006 had "teaser" rates below 4%. After the initial period, monthly payments might double [ 93 ] or even triple.

9. Federal funds rate - Wikipedia

   en.wikipedia.org/wiki/Federal_funds_rate

   It does this by allowing them to earn an interest on their funds via reverse repurchase agreements with the Fed. This helps further ensure a floor to the federal funds rate. [8] Discount rate is the interest rate at which the Fed loans out its funds to eligible institutions via the discount window. This makes it unlikely for banks or other ...