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

Newton refinance mortgage news:

Affordable Housing in Massachusetts Gets $10.2 Million Infusion - Earthtimes
BOSTON , Nov. 26 /PRNewswire/ -- The Federal Home Loan Bank of Boston (the Bank) awarded more than $10.2 million as grants, loans, and subsidies to fund 390 units of affordable rental and ownership housing in seven Massachusetts communities. Of that ...

Barney Frank to address Boston business group - Boston Globe
A Massachusetts congressman who has played a crucial role in the government’s response to the financial crisis is speaking today in Boston. US Representative Barney Frank, the Newton Democrat who chairs the House Financial Services Committee and ...

Is help on the way? - Boston Globe
As the government spends billions to prop up troubled financial firms, Joyce Hodge doesn't understand why she can't get help to shave $400 off her monthly mortgage to avoid foreclosure. The Roxbury mother of four has been calling her servicer for ...

Mortgage door open: Opportunity knocks for some - Honolulu Star-Bulletin
Mortgage rates these days are going up and down as the Bush administration's proposed $700 billion bailout plan to shore up troubled financial institutions and markets lumbers through Congress. While rate decreases have accelerated over the past two ...

CB Richard, Legg Mason, Liz Claiborne, Tyco: U.S. Equity Movers - Bloomberg
Nov. 11 (Bloomberg) -- The following companies had unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 4 p.m. in New York. Life insurers retreated after Goldman Sachs Group Inc. reduced its rating on ...

Mortages, Bailout and the FDIC - Newton Daily News
After bailing out banks, investment houses, a big car loan company and AIG insurance (twice), the federal government finally may be getting around to individual homeowners. It’s about time. After all, it was failing mortgages that fueled this fall ...

October 2008 Archives - Meganmcardle.theatlantic.com
Halloween is such a happy holiday. No outsized expectations to get depressed about; just the blissful memory of too much candy. And I'm lucky enough to live near gay areas, which always do halloween right; I passed some amazingly decorated houses and ...

The Boom Was a Bust for Ordinary People - Common Dreams
I t begins to sound a bit naughty -- all this talk about the need to "stimulate" the economy, as if we were discussing how to make a porn film. I don't mean to trivialize our economic difficulties or the need for effective government intervention ...

Dakota Voice - Dakota Voice
► January 16 - January 23 (1) To assuage conservatives, McCain has rolled out endorsements from leading conservatives and aired a new television ad that mentions Ronald Reagan. He plans to attend a major gathering of conservatives later this month ...

McCain, Obama get tough, personal in final debate - Evansville Courier-Press
See the results without voting » . HEMPSTEAD, N.Y. — John McCain assailed Barack Obama's character and his campaign positions on taxes, abortion and more Wednesday night, hoping to turn their final presidential debate into a launching pad for a ...