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1800s state agency increasingly approached for municipal loans - Milwaukee Journal Sentinel
Caledonia : $5 million for a highway project Mukwonago schools : $4.2 million for refinancing Oak Creek-Franklin schools : $3.8 million for employee pensions Arrowhead High School : $2.3 million for refinancing Ozaukee County : $2.2 million for ...

Developers, agents trying to adapt in tough economy - Knoxville News Sentinel
Orlando-based development company Land Resource closed its sales office for The Villages at Norris Lake last summer and development work came to a halt on the waterfront project near LaFollette. How long will the pain last? As the calendar turns to ...

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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