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The Right’s Media Disadvantage - Culture11The Right’s Media DisadvantageCulture11, VA - 14 hours agoBy STEVEN A. HOLMES In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing ...
Mortgage interest rate cuts bode well for home builders in 2009 - The WitnessMortgage interest rate cuts bode well for home builders in 2009The Witness, South Africa - Jan 7, 2009Price-Hughes has put construction firm Wilson Bayly Holmes-Ovcon (WBHO) on the top of her heavyweight construction list for 2009, as it is more likely to ...
How to really save money with lower mortgage rates - ABC15.com (KNXV-TV)How to really save money with lower mortgage ratesABC15.com (KNXV-TV), AZ - Dec 17, 2008It can be done through a home equity loan or a traditional mortgage. Certified Mortgage Planner Christopher Holmes in Scottsdale says you could get a 5 1/4% ...
Consultants form new partnership for development - BCLocalNewsConsultants form new partnership for developmentBCLocalNews, Canada - Jan 7, 2009For more info contact Nancy Holmes at 250-807-9369 or nancy.holmes@ubc.ca. The popular sixth annual Wine and Dine Okanagan program runs from Jan. 14 to Feb. ...
Obama's Perilous Compromise with Wall Street Looters - Pakistan DailyObama's Perilous Compromise with Wall Street LootersPakistan Daily, Pakistan - Jan 6, 2009Sherlock Holmes was once famously asked by a Scotland Yard detective: "Is there any other point to which you would wish to draw my attention? ...
First-time buyer mortgage prospects much better, says expert - Property NewsProperty NewsFirst-time buyer mortgage prospects much better, says expertProperty News, UK - Dec 29, 2008Chief executive of Firstrung Paul Holmes said that those who can save money and are in safe employment will gain from both lower prices and falling mortgage ...
New businesses - Providence JournalNew businessesProvidence Journal, RI - Jan 7, 2009To promote fellowship between Baptist churches in RI Cambridge Mortgage Group LLC: A: Timothy Chapman, 670 Willett Ave., Riverside 02915. ...
Nationwide decides not to pass on rate cuts - Telegraph.co.ukNationwide decides not to pass on rate cutsTelegraph.co.uk, United Kingdom - Jan 1, 2009When the Bank of England cut base rate to 2pc in December, Yorkshire enforced its floor at 3pc and spokesman David Holmes said: "In a low interest ...
Troubled ‘Extreme Makeover’ Recipient in Florida Recieves Reprieve - Wall Street Journal BlogsTroubled ‘Extreme Makeover’ Recipient in Florida Recieves ReprieveWall Street Journal Blogs, NY - Dec 18, 2008Another troubled recipient of an “Extreme Makeover” home received a reprieve: Sadie Holmes’ $29000 lien is no more. After receiving a 7000-square-foot home ...
Lawsuit filed against Countrywide over ID breach - BusinessWeekLawsuit filed against Countrywide over ID breachBusinessWeek - Dec 19, 2008Matthew and Danielle Holmes of Mount Holly, NJ, want a judge to grant class-action status to claims that an employee of the mortgage giant stole detailed ...

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Today's Mortgage Terms starting with I
Index: An index is usually a widely published market rate such as LIBOR, T-Bill or 11th District Cost of Funds (COFI). Lenders use these indices to set the interest rates charged on mortgage loans. For ARM, a predetermined margin is added to the index to calculate the interest rate adjustment.
Initial Rate: The rate charged for the first interval of an ARM loan.
Interest: Compensation in the form of money paid for the use of money.
Interest Rate Cap: Caps limit the range that the interest rate on an adjustable rate mortgage can change in an adjustment interval during the term of the loan.
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