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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

Washington mortgage rates news:

FDIC will guarantee up to $1.4T in bank debt - WFMJ.com
WASHINGTON (AP) - Federal regulators will guarantee as much as $1.4 trillion in U.S. banks' debt as part of the government's bid to get the distressed financial system pumping again. They're also taking steps to make it easier for private investors ...

U.S. mortgage rates fall for second week - The Money Times
Washington -- Interest rates for 30-year, fixed-rate U.S. mortgages declined slightly in the last week, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 6.14 percent with an average 0.7 points in the week ...

Loan rates slide again - Fort Wayne Journal Gazette
WASHINGTON – Mortgage rates dropped for a second straight week, reflecting the effect the weakening economy is having on financial markets. Freddie Mac, the mortgage giant, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.14 ...

Mortgage rates drop again - HometownAnnapolis.com
WASHINGTON, D.C. (AP) - Mortgage rates dropped for a second consecutive week, reflecting the impact the weakening economy is having on financial markets. Freddie Mac, the mortgage giant, reported Thursday that rates on 30-year, fixed-rate mortgages ...

AIG, GMAC drive CD rates higher - Detroit Free Press
If there's one place consumers have the upper hand these days, it's as depositors -- especially if they're willing to stash their cash with money losers. The banking units of American International Group Inc., the insurer bailed out by the U.S ...

US bank lending rates up for 3rd day running - The Washington Times
LONDON (AP) - Dollar lending rates between banks rose for the third day running Monday after last week's turnabout by U.S. Treasury Secretary Hank Paulson on the $700 billion U.S. financial rescue program fostered renewed uncertainty in credit ...

Obama picks point men for crisis fight back - Yahoo News
WASHINGTON/LIMA (Reuters) – President-elect Barack Obama has picked two experienced policymakers, Timothy Geithner and Lawrence Summers , to spearhead the fight against the global financial crisis -- appointments which should bring some cheer to ...

TOPWRAP 1-Obama picks point men for crisis fight back - Forbes
WASHINGTON/LIMA, Nov 23 (Reuters) - U.S. President-elect Barack Obama has picked two experienced policymakers, Timothy Geithner and Lawrence Summers, to spearhead the fight against the global financial crisis -- appointments which should bring some ...

Postal Service investigates boss' VIP mortgage - WTOP Radio
WASHINGTON (AP) - The Postal Service is investigating whether the nation's postmaster general improperly received a sweetheart deal on a mortgage from Countrywide Financial Corp. , the chairman of the service's governing board said. Postmaster ...

Ap » Washington - Waterloo Cedar-Falls Courier
WASHINGTON - The Postal Service is investigating whether the nation's postmaster general improperly received a sweetheart deal on a mortgage from Countrywide Financial Corp., the chairman of the service's governing board said. Postmaster General John ...