Current odds the U.S. Prime Rate will continue at 4.00% after the September 20TH, 2017 FOMC monetary policy meeting: 29.5% (not likely), with remaining odds -- 70.5% (somewhat likely) -- that the U.S. Prime Rate will be at least 25 basis points (0.25 percentage point) higher.
âNet tangible benefitâ is defined as:ï·A 5 percent reduction to the P&I of the mortgage payment plus theannual MIP, or ï·Refinancing from an Adjustable Rate Mortgage (ARM) to a fixed ratemortgage. Note: Reducing the term of the mortgage, in and of itself, is not a nettangible benefit.
Definition of tangible. 1  1a : capable of being perceived especially by the sense of touch : palpableb : substantially real : material. 2  2 : capable of being precisely identified or realized by the mind her grief was tangible. 3  3 : capable of being appraised at an actual or approximate value tangible assets.