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News about Mortgages:
Massachusetts Leads States, Cities Looking to Revive Debt Sales - BloombergOct. 6 (Bloomberg) -- Massachusetts plans to sell $750 million in short-term notes this week, leading states and local governments seeking to revive debt sales after financial turmoil inhibited their ability to borrow since mid-September ...
TomTom shares at all-time low on refinancing fears - ReutersAMSTERDAM (Reuters) - Shares in Dutch navigation device maker TomTom (TOM2.AS: Quote , Profile , Research , Stock Buzz ) hit an all-time low on Thursday as an analyst raised concerns it may need to refinance its debt before end-2009 and as consumer ...
General Growth shares down on WSJ report - CNBCNEW YORK - Shares of General Growth Properties Inc. lost nearly half their value Thursday after a news report said company executives have been their selling stock in the retail real estate investment trust. The stock of the Chicago-based REIT ...
Altria Says Lenders Want UST Deal Pushed into 2009 - CNBCAltria Group said Friday it may hold off on closing its $10.4 billion purchase of UST until early January because its lenders advised that it would be better to close the deal in 2009. The lenders' request highlights how tight the credit market has ...
Failures expected to rise next year - Woodland Daily DemocratHere's a safe bet for uncertain times: A lot of banks won't survive the next year of upheaval despite the U.S. government's $700 billion plan to restore order to the financial industry. The biggest question is how many will perish and how they will ...
Credit doors are closing - International Herald TribuneA crucial source of financing for companies and banks is making some ominous grinding sounds. The market for commercial paper, which is high-quality, short-term debt, shrank by a record $95 billion last week, to $1.6 trillion, according to the U.S ...
Financial advisers provide answers to your crisis questions - Detroit Free PressThe Free Press hosted a live chat today with three experts on the pending $700-billion bailout and the continuing real estate crisis is Michigan. Our live experts were: • Dianne Reichel, group manager for GreenPath Debt Solutions. • Jack Riashi ...
Recap our live chat with financial advisors on the bailout, real ... - Detroit Free PressPatrick Anderson, economist and principal Anderson Consulting Group. We’ll pose your questions to our panel, and list the answers below. Refresh this page regularly to see the most up-to-date answers. Question: I’m wanting to know what my wife ...
Can these countries survive exit of cash? - Globe and MailLONDON — As western investors dump emerging assets, the fate of the sector's major economies will hang on whether Brazil, Russia, China and others such as Gulf Oil producers have built up enough funds to survive the storm. Just months ago, many ...
Financial decision made at right time - Republican & HeraldIn March, the county commissioners consolidated county debt — four bond issues worth $17.2 million, combined into one — hoping to stave off fluctuating interest rates. Six months later, the decision to fix the rate at 3.44 percent has been ...

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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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