REFINANCE WAVE
\ɹɪfa͡ɪnˈans wˈe͡ɪv], \ɹɪfaɪnˈans wˈeɪv], \ɹ_ɪ_f_aɪ_n_ˈa_n_s w_ˈeɪ_v]\
Sort: Oldest first
-
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
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.
Nearby Words
- refi bubble
- refigure
- refill
- refilling
- refinance
- REFINANCE WAVE
- refinancing
- refinancing risk
- refind
- refine
- refined