Peridot, Arizona Mortgage Rates
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Rates based on a Loan Amount of $315,000, Loan to Value (LTV) 70%, Credit FICO Score 770 Rates, terms, and fees as 2/24/2023 11:00 AM Central Standard Time and subject to change without notice. Rates are posted daily at 11am Monday – Friday. Rates are not posted on the weekend. Call the Smart Mortgage rate lock line now (888) 999-1350.
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4. Close Your Loan
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Peridot (/ˈpɛr.ɪˌdɒt, -ˌdoʊ/ PERR-ih-dot, -doh), sometimes called chrysolite, is gem-quality olivine and a silicate mineral with the formula of (Mg, Fe)2SiO4. As peridot is a magnesium-rich variety of olivine (forsterite), the formula approaches Mg2SiO4. Its green color is dependent on the iron contents within the structure of the gem. Peridot occurs in silica-deficient rocks such as volcanic basalt and pallasitic meteorites. Peridot is one of only two gems observed to be formed not in the Earth’s crust, but in molten rock of the upper mantle. Gem-quality peridot is rare to find on Earth’s surface due to its susceptibility to weathering during transportation from deep within the mantle to the surface.
In the Middle Ages, the gemstone was considered a stone that could provide healing powers, curing depression and opening the heart. Peridot is the birthstone for the month of August.