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Wall Street Journal Prime Rate loans mortgage terminology definition



Wall Street Journal Prime Rate: This is the rate that banks set on interest for mortgage loans. It is posted in the Wall Street Journal and is based on various banks in order to get an average current market interest rate.

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This entry was posted on Wednesday, April 8th, 2009 at 2:21 am and is filed under Mortgage Glossary. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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