Today's Mortgage Terms starting with I

Index:

An index is usually a widely published market rate such as LIBOR, T-Bill or 11th District Cost of Funds (COFI). Lenders use these indices to set the interest rates charged on mortgage loans. For ARM, a predetermined margin is added to the index to calculate the interest rate adjustment.

Initial Rate:

The rate charged for the first interval of an ARM loan.

Interest:

Compensation in the form of money paid for the use of money.

Interest Rate Cap:

Caps limit the range that the interest rate on an adjustable rate mortgage can change in an adjustment interval during the term of the loan.

View all Terms

Mason mortgage rates news:

Workers cop biggest hit from price rises - News.com.au
Ouch ... figures show the prices of some basic household items have risen by up to 20 per cent in a year. Some household basics up 20pc in a year Working households hit hardest, ABS data shows Interest rates, petrol, food take their toll WORKERS are ...

When sorrows come - Economist.com
EVERY episode in the credit crunch has had its dramatic flourish. There were the defenestrations at Citigroup and Merrill Lynch late last year; then, in March, the Bear Stearns fiasco; the humbling of UBS; and now Fannie Mae and Freddie Mac, a tale ...

Obama: 'We are a better country than this' - Boston Globe
Senator Barack Obama promised change -- and spelled out specifics such as tax cuts for the middle class and an end to dependence on foreign oil in 10 years -- as he accepted the Democratic presidential nomination tonight. Obama also warned that ...

August 2008 - Posts - MSNBC Firstread
Ted Stevens , the grand-daddy of Alaskan politics, has a wary relationship with the new Republican VP pick -- Alaska Gov. Sarah Palin . When Palin was running for governor in 2006, she ousted long time Alaska fixture Frank Murkowski in a hard fought ...

Freddie Mac - Chicago Tribune
by Mark Silva President Bush is signing some big bills today before Congress leaves town at week's end: This morning, Bush signed the Housing and Economic Recovery Act, aimed at easing the home mortgage crisis but also making the federal.....

01/16 - 01/23 (1) - Dakota Voice
Badlands Blue Dakota 21 Dakota Today DakotaWomen GraceLife Haggard News Hog House Blog Jay Reding.com Jim Rivers Report Mount Blogmore (RC Journal) Northern Valley Beacon Proud Liberal RadioActive Chief Rage in the Cage Robbinsdale Radical School-of ...

Today's most viewed articles - Portsmouth Herald
I want to personally thank the communities of Hampton, Seabrook, North Hampton, and Hampton Falls for their continued support of WHS. As voting day on March 11 approaches I am asking for your support of our budget for the school year 2008-09. Parents ...

D. Dean Mason Named Chief Executive Officer of HSA Bank - PR Newswire
WATERBURY, Conn., Feb. 1 /PRNewswire-FirstCall/ -- Webster Bank, National Association, a subsidiary of Webster Financial Corporation (NYSE: WBS) , announces the appointment of D. Dean Mason as chief executive officer of its HSA Bank subsidiary in ...

Seven Questions: Martin Feldstein on the “R” Word - Foreign Policy
Is the global economy headed for a rough patch? With the world’s stock markets in turmoil, FP spoke with distinguished Harvard economist Martin Feldstein on what a U.S. recession would mean for America and the world. MARTIN OESER/AFP/Getty Images ...

Bill's Parliament blog - Cambridge News
A new opinion poll today brings both good news and bad news to Gloomy Gordon Brown as he builds sandcastles with his sons on Southwold beach in Suffolk. The good news is that Labour does better with him as Leader and Prime Minister than with any of ...