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News about Mortgages:
Missoula mortgage refinancings have doubled - Missoulian6 percent or less. Rates are expected to skip around between 5 percent and 6 percent as the Federal Reserve, which meets next on March 18, tries to avoid a nationwide recession. Investors expect the Fed will lower interest rates by another half a ...
Report: Missoula housing sales down, but prices stay up - MissoulianThe number of homes sold in the greater Missoula area has dropped for the first time in five years, but the median sales price has increased. “This is a perfect mixed picture,” said George Masnick of the University of Montana's Bureau of Business ...
Today's Mortgage Terms starting with U
Underwriting: It is the process of quantifying the risks involved in a specific loan and setting suitable terms and conditions for a mortgage.
URLA: Uniform residential loan application.
Usury: Interest charged in excess of the legal rate as established by law.
View all Terms