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Today's Mortgage Terms starting with E Equity: The difference between the current market value of a property and the total debt outstanding against the property. Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves. View all Terms

Washington mortgage rates news:

Yen Trades Near Three-Week High on Signs U.S. Recession Deepens - Bloomberg
Nov. 20 (Bloomberg) -- The yen touched a three-week high against the dollar and the euro as reports showing a surge in U.S. jobless claims and a drop in manufacturing prompted bets investors will sell higher-yielding assets. The Swiss franc fell to ...

Mortgage rates drop for third week - Contra Costa Times
WASHINGTON — Mortgage rates dropped for a third straight week, reflecting the impact the weakening economy is having on financial markets. Freddie Mac, the mortgage finance giant, reported Thursday that rates on 30-year, fixed-rate mortgages ...

WASHINGTON Mortgage rates fall for second week - Santa Rosa Press Democrat
Mortgage rates dropped for a second straight week, reflecting the impact the weakening economy is having on financial markets. Freddie Mac, the mortgage giant, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.14 percent this ...

Mortgage rates drop for second week - NWITimes.com
WASHINGTON | Mortgage rates dropped for a second straight week, reflecting the impact the weakening economy is having on financial markets. Freddie Mac, the mortgage giant, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.14 ...

Mortgage Matters: Wall Street giveth, and then took away - Maryland Daily Record
I’ve worked open houses and have done floor duty as a real estate agent. As a former reporter and real estate editor for The Sun, I chronicled the greatest residential real estate explosion in recent American history from the outside. Then in 2002 ...

Interest rates slip for U.S. mortgages - Charleston Post & Courier
WASHINGTON — Mortgage rates dropped for a second straight week, reflecting the impact the weakening economy is having on financial markets. Freddie Mac reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.14 percent this week ...

Fannie, Freddie enact mortgage moratorium - Washington Business Journal
Fannie Mae and Freddie Mac have told mortgage services to halt foreclosure sales on owner-occupied homes between Nov. 26 and July 9, 2009. This moratorium is estimated to help more than 16,000 borrowers who would otherwise have been evicted during ...

Government to Speed Cash to Mortgage Giant After Massive Losses - Washington Post
The government is expected to inject $14 billion into Freddie Mac, the mortgage finance company under federal control, after it reported today that it lost $25 billion from July through September. The losses were due to substantial charges the ...

Fannie, Freddie Suspend Foreclosures Through Jan. 9 (Update2) - Bloomberg
Nov. 20 (Bloomberg) -- Fannie Mae and Freddie Mac , the mortgage-finance companies seized by the U.S. government, will suspend foreclosures and evictions over the holidays. The six-week halt will begin Nov. 26, a day before the U.S. Thanksgiving ...

World stocks down amid fears of deep recession - Washington Post
An employee of the Korea Stock Exchange reacts in front of a screen showing the falling Korean benchmark stock index in Seoul, South Korea, Thursday, Nov. 20, 2008. The Korea Composite Stock Price Index declined 68.13 points, or 6.7 percent, to 948 ...