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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

Washington mortgage rates news:

Record 9% of Americans can't make home payments - Detroit Free Press
WASHINGTON — More than 4 million American homeowners with a mortgage, a record 9%, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said today ...

Nation briefs - Detroit News
WASHINGTON -- Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.35 percent this week, down from ...

U.S. 30-year mortgage rates fall in latest week - Reuters
WASHINGTON, Sept 4 (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 6.35 percent from 6.40 ...

Upcoming business events and economic reports - MSN MoneyCentral
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 ...

30-Year Mortgage Rates Dip to 6.35% - Time
(WASHINGTON) — Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.35 percent this week, down ...

Lawyer: Rep. Rangel paid no mortgage interest on beach house for more ... - Chicago Tribune
WASHINGTON (AP) _ Rep. Charles Rangel paid no mortgage interest on a beach resort property for more than 10 years, a lawyer for the powerful House committee chairman said Friday. The New York congressman's lawyer, Lanny Davis, told The Associated ...

Home loan troubles break record again - Seattle Times
WASHINGTON — A record 9 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis continues to mount, the Mortgage Bankers Association (MBA) said ...

30-year mortgage rates decline for a third week - Boston Globe
WASHINGTON - Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July. Freddie Mac , the mortgage company, reported yesterday that 30-year, fixed-rate mortgages dipped to 6.35 percent this week, down from ...

Company Bond Risk Rises as U.S. Unemployment, Foreclosures Grow - Bloomberg
Sept. 5 (Bloomberg) -- The cost of protecting corporate bonds from default rose as the U.S. unemployment rate jumped to a five-year high and the percentage of the nation's mortgages that went into foreclosure climbed by the most in at least 29 years ...

Rangel had no-interest mortgage more than 10 years - Miami Herald
WASHINGTON -- Rep. Charles Rangel paid no mortgage interest on a beach resort property for more than 10 years, a lawyer for the powerful House committee chairman said Friday. The New York congressman's lawyer, Lanny Davis, told The Associated Press ...