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Weekly Mortgage Rates
30 Year Fixed
5.00 %
15 Year Fixed
4.36 %
1 Year ARM
4.07 %
Freddie Mac Natl. Avg.
Updated 5/6/2010
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Term
Definition
Call option
A clause in a loan agreement that allows a lender to ask for the balance at any time.
Can lights
Cylindrical chambers with bulbs recessed into the ceiling.
Cancellation clause
A clause that details the conditions under which each party may terminate the agreement.
Cantilever
A projecting structure supported on one end, such as a balcony.
Cap
A limit on the amount the interest rate or monthly payment can increase in an adjustable rate mortgage.
Cape Cod style
A wood-frame or shingled house with a steep roof and several windows projecting from the second floor.
Capital
Money used to create income, such as funds invested in rental property.
Capital expenditure
The cost of making improvements on a property.
Capital gains
Profits an investor makes from the sale of real estate or investments.
Capital gains tax
A tax placed on the profits from the sale of real estate or investments.
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