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Periodic Rate

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Joshua Guest	Posted: Tue Nov 22, 2005 2:55 am    Post subject: Periodic Rate I got to know about periodic rate from my friend. I have a fair idea about it but it is not totally clear. Can you explain me this?
Samantha Community Mentor Joined: 16 Sep 2005 Posts: 1606 Location: MASSACHUSETTS 150.38 Dollars($)	Posted: Tue Nov 22, 2005 3:08 am    Post subject: RE: Hi Joshua, Welcome to MortgageFit Forums. When interest rate is described in realtion to a specific amount of time, either monthly or daily it is called period rate. God Bless You Thanks, Samantha _________________ Know how to compare lenders with mortgage booklet

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