Blended Rate
Definition of "Blended rate"
Interest rate that exceeds the rate on the old loan but in less than the rate on new loans. It is usually offered by the lender to encourage home buyers to refinance existing, low interest rate loans as an alternative to assuming the existing loan.
Popular Real Estate Terms
Wood sheeting made from gluing together at lest three layers of veneer. The grain is placed at right angles with each adjoining layer's providing additional strength. ...
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