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Overview: Rate cuts fail to lift grim mood - Financial Times
A series of aggressive interest rate cuts by European central banks failed to lift the mood in financial markets on Thursday as investors continued to fret about the global economic and corporate outlook. Government bond yields on both sides of the ...

Options Trader: Thursday Outlook - Seekingalpha.com
We got our test of 8,200, which held, then we broke through 8,400, tested it, held a higher low and then went through it to make our goal at 8,600. Of course, these are moves that used to take a week. but we’re getting used to the violent, intra ...

Columbia Association board members split on downtown development plan - Howard County Times
Howard County Council members are not the only ones who will have to approve General Growth Properties’ plan to redevelop downtown Columbia in the coming months. Because it owns several parcels of land in downtown, including Symphony Woods, the ...

Newspaper round-up - Reuters UK
The luxury car manufacturer Aston Martin announced on Monday that it is to lay off around 300 of its permanent staff and a similar number of temporary workers. The credit squeeze has pushed the volume of UK sales down by a quarter in the year to ...

PRESS DIGEST - Financial Times - Dec 2 - Reuters
The luxury car manufacturer Aston Martin announced on Monday that it is to lay off around 300 of its permanent staff and a similar number of temporary workers. The credit squeeze has pushed the volume of UK sales down by a quarter in the year to ...

Market Report: Rio looks grand on boost to debt position - The Independent
The miner Rio Tinto traded higher in line with the wider sector yesterday amid growing confidence in the company's long-term debt position. The stock lagged behind its peers earlier this week after BHP Billiton decided to pull its merger proposal ...

European Bailout Plans Form - CNBC
GM   Loading...       ( )   ] , Ford and Chrysler said they would refinance their companies' debt, cut executive pay, seek concessions from workers and find other ways of reviving their staggering companies. The Big Three executives also ...

Need to know: Inflation... FishWorks... Lonmin - Times Online
British retailing: Sales plunged in November at the joint-fastest pace since records began 25 years ago, a CBI survey showed. Some 42 per cent more retailers reported that sales fell rather than rose in November, matching the record high set in ...

Market Report: Aegis rises on talk of move by Bolloré - The Independent
The FTSE 250-listed media group Aegis was strong last night amid speculation about a possible bid or a break-up of the group after its chief executive, Robert Lerwill, steps down at the end of this month. Analysts said the business was ripe for ...

Petrol companies told to cut prices at pumps - Times Online
Petrol and energy suppliers came under fire from ministers yesterday in an attempt to shame them into cutting pump prices and household bills. Emboldened by international praise for tackling the banking crisis, Gordon Brown accused petrol retailers ...

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Today's Mortgage Terms starting with A

  • Accrued Interest: Interest earned but has not been paid
  • Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
  • Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
  • Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
  • Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
  • Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
  • Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
  • Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
  • Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.

    View all Terms
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