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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.

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Hayes mortgage quotes news:
Financial News
October 2008 - Weekly Standard
McCain's remarks on health care in his speech today are worth highlighting: “I will provide every single American family with a $5000 refundable tax credit to help them purchase insurance. Workers who already have health care insurance from their ...

Viewing all entries for: October 2008 - Economist.com
WHEN I was an economics undergraduate student and petroleum was still stored in the original dinosaurs, my macroeconomics professor explained the federal funds rate with the codicil that most banks borrowed not from the Federal Reserve but from each ...

Election 2008 - Weekly Standard
Republican senator Saxby Chambliss will face a much tougher battle than previously expected in his reelection bid in Georgia, according to recent polls. Chambliss leads former state representative Jim Martin by only three points in a Strategic Vision ...

Musings of a political junkie - McCook Daily Gazette
From all appearances the annual Heritage Days Celebration in McCook was a resounding success. Thanks to those who organized plus the multitude of volunteers that made it a success. Thanks to all who came forth to enjoy the festivities. Even the ...

Journalistic Issues - News Busters
This morning, Republican presidential candidate, John McCain, appeared on Fox News's Fox & Friends to answer a few questions about tonight's vice presidential debate between Alaska Governor Sarah Palin and Delaware Senator Joe Biden. Grabbing the ...

Palin just another George Bush - Richmond County Daily Journal
I am astounded and dismayed at the opinions I have read regarding Ms. Palin. She is not intelligent enough, accomplished enough or polished enough to meet with world leaders. Her ideology is in direct opposition to mine: I would like for her to make ...

Democrats want more government - Richmond County Daily Journal
I wanted to know if the local leadership of the Democratic Party agreed with the views of Ms. Patti Almanza. Now I know. In the Sept. 9 issue of the Daily Journal, an article written by Suzi Carter cleared it all up for me. Ms. Carter reported that ...

September 2008 - Kansas City Star Blogs
Where’s the deterrence preventing lowly accused criminals like Brandon Smith and Claude Sterling from killing valuable citizens like Devin Cassidy? (9/23, Local,”.‘ She’s touched a lot of people’; Family and friends remember Devin Cassidy ...

Wild Card/Vacation Day 11 of 12 - Spokane Spokesman-Review
Only two more shopping days until I return to the final days of the City Council campaigns. Then, we'll have fun taking apart the campaigns. Any dirt yet? Any mudslinging. You know, the good stuff. Or is everyone behaving? My wife is now looking over ...

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