current production rate

Current production rate

The highest interest rate permissible on current Government National Mortgage Association, mortgage-backed securities.

Current Production Rate

The highest interest rate payable on mortgage-backed securities guaranteed by the Government National Mortgage Association (Ginnie Mae). The current production rate is usually half a point less than what the homeowners are paying in interest on their mortgage. For example, if homeowners whose mortgages back the securities are paying 6% on their mortgages, the maximum interest payable is almost always 5.5%. See also: Ginnie Mae Pass-Through.

current production rate

The maximum interest rate payable on current Ginnie Mae pass throughs. The current production rate is usually ¹/₂ of 1% under the rate of interest charged on mortgages backing the pass throughs, with the difference covering service charges to the firm processing the mortgages.

单词	current production rate
释义	current production rate Current production rate The highest interest rate permissible on current Government National Mortgage Association, mortgage-backed securities. Current Production Rate The highest interest rate payable on mortgage-backed securities guaranteed by the Government National Mortgage Association (Ginnie Mae). The current production rate is usually half a point less than what the homeowners are paying in interest on their mortgage. For example, if homeowners whose mortgages back the securities are paying 6% on their mortgages, the maximum interest payable is almost always 5.5%. See also: Ginnie Mae Pass-Through. current production rate The maximum interest rate payable on current Ginnie Mae pass throughs. The current production rate is usually ¹/₂ of 1% under the rate of interest charged on mortgages backing the pass throughs, with the difference covering service charges to the firm processing the mortgages.
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