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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
Norman mortgage rates news:
Financial News
August 2008 - Posts - MSNBC Firstread
NBC's Mara Schiavocampo went to the floor of the Democratic National Convention and got reaction from delegates and attendees on Clinton's speech last night. In a breakfast pep talk to Democratic donors this morning at the Brown Palace Hotel here in ...

All News... Housebuilder's profits tumble - Kent Online
Kent-based housebuilder Bovis has reported plummeting profits in the toughest housing market it has known for years. The squeeze on mortgage lending has taken its toll of housebuilders, with many big names like Persimmon, Taylor Wimpey and Barratt ...

The Thin Man - Weekly Standard
"I happen to semi-know [Denver] Mayor Hickenlooper, because I belong to an all-author rock band called the Rock Bottom Remainders, and when we performed in Denver two years ago, Hickenlooper joined us on stage to sing the classic Troggs song 'Wild ...

Stocks Video Gallery - CNBC
Stefan Hofer, emerging markets strategist at Julius Baer sees value in Russia, Brazil, Taiwan and Thailand as long-term ... Asian Markets Jump on US Ra... Asian markets jumped Monday on the back of lower oil prices and Wall Street's rally last week ...

Bottled Water Boycotts: Back-to-the-Tap Movement Gains Momentum - Common Dreams
From San Francisco to New York to Paris, city governments, high-class restaurants, schools, and religious groups are ditching bottled water in favor of what comes out of the faucet. With people no longer content to pay 1,000 times as much for bottled ...

History's Back - Weekly Standard
Here’s what Barack Obama told Time ’s Karen Tumulty and David Von Drehle earlier this week, when asked what we would learn about him from his vice presidential pick: Hopefully, the same thing that my campaign has told the American people about me ...

INDUSTRY NEWS & PEOPLE January 2008 - Business Travel Executive
The Association of Corporate Travel Executives (ACTE) has added two new members to its international team: Ronald Kosmahl, director of global education and research, and Kathleen Brannigan, senior director of global communications. Prior to joining ...

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 ...

Corrections and clarifications - Milwaukee Journal Sentinel
An article Tuesday about Hispanic voters in the Midwest incorrectly identified Phil Walzak. He is a spokesman for Democrat Barack Obama's presidential campaign, not for Republican John McCain's campaign. A quote Tuesday in a Public Investigator ...

INDUSTRY NEWS & PEOPLE February 2008 - Business Travel Executive
New York City BTA reports with deep sadness the passing of one of its members, Donna Muhlhausen, manager of travel services for Altria (Philip Morris). “Donna was a very active member of NYCBTA,” says the Association’s president, Greg Wilczek ...

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