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Looking ahead - USA TodayABC NewsLooking aheadUSA Today - 6 hours agoEconomic reports: weekly jobless claims and mortgage rates, plus October factory orders. Also, major retailers report their November sales numbers. ...Video: UAW to Renegotiate Labor Terms, Modify Jobs Bank AssociatedPressWorld Markets Edge Higher Voice of AmericaA Post-Bailout Roundup New York Times BlogsInter Press Service
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Auto sales plunge; industry on the ropes - San Jose Mercury NewsNECNAuto sales plunge; industry on the ropesSan Jose Mercury News, USA - 7 hours agoAt the same time, the mortgage meltdown and credit crunch froze up auto loans while creating an overall financial downturn that has made even credit-worthy ...Video: UAW Offers Help To Big Three CBSNationalize GM Los Angeles TimesEasy Credit Isn't So Easy Anymore Washington ExaminerColorado Springs Gazette - Monroenews.com
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Steve Kelley Now is not the time for selfish athletes - Seattle TimesSteve Kelley Now is not the time for selfish athletesSeattle Times, United States - 23 hours agoImagine a Knicks or Giants fan, who is scrambling to find the money to make this month's mortgage payment, watching Marbury sulk in silk at a Knicks game, ...
Just Give Them the Money, Already - Motley FoolVoice of AmericaJust Give Them the Money, AlreadyMotley Fool - 12 hours agoHeck, he's willing to bail out housing, mortgage companies, and credit card companies for $800 billion. You think a few billion for the carmakers is going ...US-BUSINESS Summary Conde Nast PortfolioAuto and financial bailouts: 2 letters Denver PostAuto Sales Plunge To Lowest Level Since 1982 HoweStreet.comWomen on the Web - Benton County Daily Record
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The Solvent: Housing's Best Hope - Conde Nast PortfolioThe Solvent: Housing's Best HopeConde Nast Portfolio, NY - 2 hours agoby Daniel Colarusso Dec 4 2008 If the US Treasury manages to follow through on its plan to push mortgage rates down—as much as a full percentage point—on ...
PRESS DIGEST - New York Times business news - Dec 4 - ReutersBoston GlobePRESS DIGEST - New York Times business news - Dec 4Reuters - 2 hours agoThe housing market may finally be getting some relief, with lower mortgage rates already encouraging refinancing and Treasury officials considering ways to ...PRESS DIGEST - Wall Street Journal - Dec 3 Reutersall 1,891 news articles
Lenders Tiptoe Into Bulk Sales - Wall Street JournalLenders Tiptoe Into Bulk SalesWall Street Journal - Dec 2, 2008"We are getting a ton of bottom fishers," says Barbara Desoer, president of mortgage and insurance services at Bank of America Corp., but the prices being ...
GM, Ford, Chrysler CEO Jobs May Hinge on Bailout Plan (Update3) - BloombergGM, Ford, Chrysler CEO Jobs May Hinge on Bailout Plan (Update3)Bloomberg - Dec 1, 2008So far, the public pressure for changing management, as the government did in the bailout of mortgage lenders Fannie Mae and Freddie Mac and insurer ...
Beatty takes plea deal in text message scandal - DetNews.comBBC NewsBeatty takes plea deal in text message scandalDetNews.com, MI - Dec 1, 2008Her attorneys have said they haven't been paid in months and she has struggled to make mortgage payments on her Rosedale Park home. ...Video: Ex-Detroit Mayoral Aide Pleads Guilty in Scandal AssociatedPressText message scandal: Beatty takes plea deal DetNews.comBeatty plea deal in the works DetNews.comall 766 news articles
Latest Chrysler Buyout Offer Lures Quarter of Salaried Staff - New York TimesNew York TimesLatest Chrysler Buyout Offer Lures Quarter of Salaried StaffNew York Times, United States - Nov 29, 2008The historic downsizing of the Detroit automakers has already eliminated more than 100000 factory jobs over the last three years. ...
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.
View all Terms