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Pulse of the economy: The new frugality - AZCentral.comThis time, it's hitting all of us. On Nov. 21, 10 Republic reporters and four photographers fanned out across the Valley to take the pulse of the Arizona economy. They asked everyday people, many of them solidly middle-class, how they were coping. It ...
Brinker shares climb after analyst upgrade - ForbesA Raymond James analyst said Monday investors' fears that Brinker International Inc. will default on its debt have created a buying opportunity for the stock. Shares of Brinker, which operates restaurant chains including Chili's Grill & Bar and ...
This U-turn shows the Bank to be way behind the curve - Guardian UnlimitedMervyn King will have the simplest task in the world next Wednesday when he unveils the Bank of England's quarterly inflation report. His statement should be short and concise: eleven words should suffice. "We made a total hash of things, and we are ...
UPDATE 4-Xstrata needs no refinancing, Q3 copper down 8 pct - ForbesLONDON, Oct 21 (Reuters) - Mining group Xstrata Plc said on Tuesday it is well placed with financing and posted solid third-quarter production results, except in mined copper, its most important metal. Xstrata received a new $5 billion revolving ...
Grant to benefit homebuyers in 9 counties - Daily IndependentAshland — A $100,000 grant from the U.S. Department of Agriculture should make the process of buying a home a little easier in Carter and Elliott counties, as well as other parts of eastern Kentucky. The grant, which was presented to Frontier ...
Loans reach new depths - AgeLow-doc mortgages were sold to struggling consumers and now many are worse off, reports Tim Elliott. In late 2005, Mandy, a 55-year-old postal worker from the NSW Central Coast, heard an advertisement on her radio for a company called Professional ...
Retailers brace for slower holiday shopping season - Orlando Business JournalLocal shopping malls and retail merchants, faced with the prospect of sluggish sales during the traditionally hectic holiday shopping season, are trying new strategies to lure in more foot traffic. For instance, Orlando Fashion Square is adding ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Are you trying to make sense of what’s happening here on Wall Street? Don’t worry–you aren’t alone. A lot of people even here are ...
At Frontline of Foreclosure Crisis, Counties Go It Alone - The Washington Independent.comWith graffiti-scarred walls, an overgrown lawn strewn with crushed cardboard boxes and empty cans and a rusted swing set next door, it’s fair to say that the foreclosed townhouse, part of a complex called Irongate in suburban Prince William County ...
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