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Today's Mortgage Terms starting with R

Refinancing:

The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.

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Alachua mortgage rates news:
Financial News
How Wall Street intersects your street - Herald Tribune
Like an office flu that starts at the coffee machine and spreads around the cubicles, the credit crunch that started a year ago with the inability to set a proper price for mortgage-based IOUs has morphed into a larger epidemic that is giving ...

The Wall Street Bust - Safe Haven
For the week, the Dow was hit for 7.3% (down 22.2% y-t-d), and the S&P500 was clobbered for 9.4% (down 25.1%). Economically-sensitive stocks were, again, pounded. The Morgan Stanley Cyclicals sank 14.2% (down 30.8%), and the Transports dropped 13.0 ...

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