REFINANCE WAVE
\ɹɪfa͡ɪnˈans wˈe͡ɪv], \ɹɪfaɪnˈans wˈeɪv], \ɹ_ɪ_f_aɪ_n_ˈa_n_s w_ˈeɪ_v]\
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Period in which a large number of borrowers refinance to change interest rates. When short-term interest rates decline, borrowers may replace long-term mortgages with short-term ARMs. When short-term rates rise, borrowers may replace short-term ARMs with long-term fixed mortgages to lock in current rates.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.
Nearby Words
- refi bubble
- refigure
- refill
- refilling
- refinance
- REFINANCE WAVE
- refinancing
- refinancing risk
- refind
- refine
- refined