Examples of Average prime offer rate in a sentence
The term ‘‘principal dwelling’’ has the same meaning under§ 34.203(a)(2) as under 12 CFR 1026.2(a)(24).See the Official Staff Interpretations to theBureau’s Regulation Z (Supplement I to Part 1026), comment 2(a)(24)-3.2. Average prime offer rate.
See comments 32(b)(1)(i)–3 and –4 for further discussion of including upfront private mortgage insurance premiums in the points and fees calculation for closed-end mortgage loans.32(b)(5)(ii) Bona fide discount points.1. Average prime offer rate.
Average prime offer rate" [means an annual percentage rate that is derived from average interest rates, points, and other loan pricing terms currently offered to consumers by a representative sample of creditors for mortgage transactions that have low-risk pricing characteristics.
TABLE 8A: NUMBER AND SHARE OF LOANS WITH APOR SPREAD ABOVE 1.5 PERCENTAGE POINTS, BY PROPERTY TYPE, PURPOSE AND TYPE OF LOAN, 2017 Property type, purpose and type of loan Site built homes: Purchase, conventionalNumbe Total number of loans spread Note: First-lien mortgages for one- to four-family owner-occupied homes.(1) Average prime offer rate (APOR) spread is the difference between the annual percentage rate on the loan and the APOR for loans of a similar type published weekly by the Bureau.
Average prime offer rate is calculated from average interest rates, points, and other loan pricing terms currently offered to consumers by a representative sample of creditors for mortgage transactions that have low-risk pricing characteristics.