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Today's Mortgage Terms starting with S

Second Mortgage:

An additional mortgage that has rights that are secondary to the first mortgage.

Seller’s Market:

Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.

Settlement Costs:

Money paid by the borrowers and sellers to complete the closing of a mortgage.

Settlement Cost (HUD Guide):

HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.

View all Terms
Union mortgage rates news:
Financial News
Navy Federal Slashes Mortgage Rates - Forbes
5.625% 30-Year Fixed Mortgage up to $730K VIENNA, Va., Sept. 4 /PRNewswire-USNewswire/ -- Effective immediately, Navy Federal Credit Union is now offering its members some of the lowest rates nationwide for a wide range of Mortgage Products. For ...

Credit Union Australia cuts variable rates - News.com.au
CREDIT Union Australia will cut its standard variable mortgage rate by 0.25 per cent from Monday, following the big banks' decision to pass on the rate cuts. Australia's largest credit union says it will lower its standard variable rate for home ...

How to determine your bank's financial health - Los Angeles Times
More people have been asking that question since the collapse of Pasadena mortgage giant IndyMac Bank in July. After the government took over the bank, many customers had to wait in line for hours before they could speak to anyone about their ...

Delta-NWA Merger Is Closer; Mortgage Rates - WXIA 11 Alive
In Monday's consumer and money headlines, Delta and NWA are even closer to a merger, and this week's mortgage rates. With record foreclosures and a record 9 percent of mortgage holders either behind in payments or entering foreclosure, troubles are ...

Upcoming business events and economic reports - CNBC
MONDAY, Sept. 8 WASHINGTON — Federal Reserve releases consumer credit for July, 3 p.m. Weekly Treasury auction. RICHMOND, Va. — Federal court hearing on Smithfield Foods Inc.'s racketeering lawsuit against a union seeking to organize workers at a ...

Why mortgage rates aren't falling - Walletpop.com
With the Fed holding rates for the foreseeable future, you may think this is a great time to refinance your mortgage or buy a new home. But because of the "credit crunch" you are no doubt sick of hearing about, rates are actually higher than they ...

British central bank holds interest rates steady - International Herald Tribune
LONDON : The Bank of England decided Thursday to leave its benchmark interest rate steady at 5 percent despite evidence of a looming recession. The European Central Bank is also expected to leave its main interest rate target on hold, at 4.25, later ...

Kill the competition: Fuel plan canned ... rates decision ... NU bonus ... - Times Online
The Times : EU regulators will not let the UK Government sell £500 million ($890 million) of extra pollution permits to subsidise struggling families’ fuel bills. Daily Telegraph : The Bank of England is set to leave interest rates unchanged today ...

ECB and Bank of England hold interest rates steady - International Herald Tribune
FRANKFURT : The two most important European central banks left their benchmark interest rates unchanged Thursday as they waited to assess whether sharply slower growth is helping to curb inflation. The European Central Bank left its main interest ...

Treasuries Advance as Economy Sheds Jobs for 8th Straight Month - Bloomberg
Sept. 5 (Bloomberg) -- Treasuries rose, with 10-year notes headed for the biggest weekly gain since February, after a government report showed the economy lost jobs in August for the eighth consecutive month, increasing expectations that the Federal ...

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