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Today's Mortgage Terms starting with J Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage. Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first. View all Terms

Washington mortgage rates news:

30-year mortgages fall to lowest level in 6 weeks - BusinessWeek
Rates on 30-year mortgages fell for the second straight week, declining to the lowest level in more than a month. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dropped to 6.40 percent this week, down from 6 ...

30-year mortgage rate falls for second week - Baltimore Sun
WASHINGTON Rates on 30-year mortgages fell for the second straight week, declining to the lowest level in more than a month. Freddie Mac , the mortgage company, reported yesterday that 30-year, fixed-rate mortgages dropped to 6.40 percent this week ...

Agency Mortgage-Bond Yield Spreads Narrow to Lowest in a Month - Bloomberg
Aug. 29 (Bloomberg) -- Yields on agency mortgage securities relative to U.S. Treasuries fell to the lowest in a month as buyers took advantage of some of the widest spreads since 1986. The difference between yields on Fannie Mae's current-coupon 30 ...

Mortgage Rates Fell in Week - Wall Street Journal
WASHINGTON -- Rates on fixed-rate home mortgages fell this week, following reports of weakness in the economy, Freddie Mac's chief economist said Thursday. But rates on adjustable-rate mortgages rose slightly. The 30-year fixed-rate mortgage averaged ...

U.S. 30-year mortgage rates fall in latest week - Reuters
WASHINGTON, Aug 28 (Reuters) - U.S. 30-year mortgage rates fell slightly in the latest week, according to a survey released on Thursday by home funding company Freddie Mac. U.S. 30-year mortgage rates dipped to an average of 6.40 percent from 6.47 ...

Wachovia says capital OK, eyes asset sales: Sandler - Washington Post
Resize NEW YORK (Reuters) - Wachovia Corp (WB.N) should not need to raise dilutive capital and sales of non-core assets will likely total hundreds of millions of dollars, not billions, Chief Executive Robert Steel told an analyst. In a report dated ...

See today's average credit card rates across the country. - MSNBC
WASHINGTON - Rates on 30-year mortgages fell for the second straight week, declining to the lowest level in more than a month. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dropped to 6.40 percent this week ...

National business in brief: Mortgage rates fall - Kansas City Star
A strike by thousands of union workers in Kansas, Oregon and Washington state could cost the Boeing Co. millions of dollars a day. Rates on 30-year mortgages fell for the second straight week, declining to the lowest level in more than a month ...

Five Dumbest Things on Wall Street: Aug. 29 - Street.Com
All Black and White at Citi In an apparent response to its previously inked bad deals of exotic mortgage-backed paper, Citigroup's ( C - Cramer's Take - Stockpickr ) management is finally initiating a plan to save some bucks to counteract the ...

Mortgage rates decline again, to lowest level since mid-July - Tacoma News Tribune
WASHINGTON – Rates on 30-year mortgages fell for the second straight week, declining to the lowest level in more than a month. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dropped to 6.40 percent this week ...