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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:

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 ...

AP News Calendar - Forbes
Major scheduled events during the week beginning Aug. 31, 2008. Note that many events, especially court appearances, are subject to change at the last minute. The following economic reports will be issued in Washington (all times EDT): TUESDAY: The ...

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 ...

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 ...

Ala. governor in talks over county debt crisis - Washington Post
BIRMINGHAM, Ala. -- Gov. Bob Riley negotiated with creditors Friday over whether Alabama's largest county should seek a deal on its $3.2 billion sewer debt or file the largest bankruptcy in U.S. history. The meeting _ held at the Capitol in ...

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 ...

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 ...

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 ...