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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

Johnson mortgage rates news:

Wall Street tumbles on fears about economy - MSNBC
Nov. 30: Despite all of the grim economic news, last week did bring a glimmer of hope on the home front: Interest rates dropped below six percent. In her own words, CNBC’s Carmen Wong Ulrich offers advice on how to take advantage of the lower rates ...

Credit card companies quick to raise rates, fees - Atlanta Journal Constitution
Greg Fischer was already fed up with Bank of America for doubling his credit card’s interest rate to 28.99 percent — the price for being a couple of weeks late with a payment in April. What sent him over the top, he said, was the bank’s ...

Wage, holiday cuts coming for Globe's union drivers - Boston Globe
The Boston Globe said yesterday that it reached a two-year agreement with the newspaper's nearly 200 union drivers to cut wages 5 percent and eliminate all 10 of their paid holidays, starting in 2009. Globe senior vice president Greg Thornton said ...

Home buyers in U.S. still wary - Houston Chronicle
WASHINGTON — Nationwide sales of existing homes fell more than expected last month, as economic fears made buyers leery even though prices plunged to the lowest level in more than four years. And the decline is expected to get worse because October ...

Ruling expected Tuesday in energy suit - Martinsville Reporter-Times
Depending on how a federal judge rules Tuesday, about 700,000 customers of rural electric cooperatives could face rising rates to pay off a bad investment by Hoosier Energy Rural Electric Cooperative. The Bloomington-based power generator has asked U ...

Fred Russell case may spur tougher drunk-driving penalties - Spokane Spokesman-Review
Fred Russell may be sitting in a cell, but his name’s popping up frequently in Olympia, where state lawmakers are weighing changes to catch drunken drivers and toughening the sentences for those who kill. “We will tell people once and for all ...

EDITOR'S PICK - Marketwatch
U.S. stocks rise, looking past dire economic data Worried about a depression? How about a 100-year bear market U.S. stock futures remain under water after dismal data GM, Ford rally as analyst says bailouts more likely Young Americans are the key to ...

Banks 'to freeze mortgages' as Treasury reveals house prices will ... - Daily Mail
Mortgage lending could dry up completely next year leaving no-one able to afford to buy a new home, according to a devastating report. In a huge blow to Alistair Darling's plans for keeping Britain in tact through a crippling recession, experts ...

More aid sought for housing - Riverside Press Enterprise
WASHINGTON - With nationwide sales of existing homes falling more than expected last month and the median sales price plunging to $183,000, the U.S. housing market keeps getting worse. Bracing for more bad news likely on the way, industry groups ...

Kiplinger names Clarksville as # 2 in the Nation for Housing ... - Leaf Chronicle
With foreclosures skyrocketing and home prices plummeting, real estate has had a tough year. But in certain pockets across the country the damage has been minimal -- if nonexistent. We found six cities with slow, steady growth, using data from Fiserv ...