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Financial News
Investment-Grade Bond Sales May Snap Three-Month Lull (Update1) - Bloomberg
Aug. 29 (Bloomberg) -- U.S. investment-grade bond sales may reach $275 billion through year-end as banks refinance record amounts of debt and falling interest costs lure borrowers back to the market after the slowest North American summer in a decade ...

Parking meter rates to rise - Williamson Daily News
WILLIAMSON - If you park in the City of Williamson, there's good news and bad news. Parking rates for metered spaces are raising, but the new meters will give you all the time you pay for. The city discussed the parking meter problem at Thursday's ...

INDUSTRY NEWS & PEOPLE March 2007 - Business Travel Executive
The NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...

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Clarks Hill Mc Cormick Modoc Mount Carmel Parksville Plum Branch

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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