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Office Rents Slide on Drop in Demand - Wall Street JournalSource: Reis, Inc. Rents for office space dropped 1.2% in the fourth quarter nationwide when such landlord concessions as free rent were taken into account, according to Reis Inc., a New York real-estate research firm. It was the largest one-quarter ...
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Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
View all Terms