Definition of mission for Students. 1 : a task that is assigned or begun. 2 : a task that is regarded as a very important duty She thinks of teaching as her mission. 3 : a group of missionaries. 4 : a group of people sent by a government to represent it in a foreign country.
15-Year Fixed-Rate Mortgage: The payment on a $200,000 15-year Fixed-Rate Loan at 2.875% and 70.00% loan-to-value (LTV) is $1369.18 with 2.125 points due at closing. The Annual Percentage Rate (APR) is 3.311%. Payment does not include taxes and insurance premiums.
In 2010, they refinanced, converting to a mortgage with a 4.25 APR. Three years later, they refinanced again, this time acquiring a mortgage with a 3.125 APR. In 2014, when they explored options for moving or remodeling, prevailing interest rates for 30-year, fixed-rate home mortgages were 4.5 percent, says Mike Jacobs.