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Today's Mortgage Terms starting with R

Refinancing:

The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.

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Wilson mortgage rates news:
Financial News
S&P 500 Poised to Extend Biggest Drop Since 1987; EBay Declines - Bloomberg
Oct. 16 (Bloomberg) -- U.S. stock-index futures retreated, indicating the Standard & Poor's 500 Index will extend the biggest plunge since the 1987 crash, after EBay Inc.'s forecast for its first decline in sales bolstered concern the economy will ...

U.S. Stocks Drop Most Since Crash of 1987 on Recession Concerns - Bloomberg
Oct. 15 (Bloomberg) -- U.S. stocks plunged the most since the crash of 1987, hammered by the biggest drop in retail sales in three years and growing doubt that plans to bail out banks will keep the economic slump from deepening. Exxon Mobil Corp. and ...

The Mac attack backfires - Salon
I'm at Hofstra University awaiting the start of the last Democratic debate -- I'll blog and later be on "Midnight Hardball" with reactions. But before the big event, everyone's talking about how badly John McCain's hurt himself with his negative ...

Kat Wilson from Canada writes: Canada 1, you may be interested in the ... - Globe and Mail
In his first budget as Harper's finance minister, Jim Flaherty invited 'new players' - that is, U.S financial corporations - into Canada's mortgage insurance market and doubled the amount of government money available to back up private insurers from ...

How buy-to-let turned into a mug’s game - Financial Times
The financial crisis has killed off punterism – grassroots financial opportunism – in the UK as surely as leveraged investment banking. Its most recent incarnation was in a bovine stampede into buy-to-let property. Tens of thousands of landlords ...

European leaders agree on taxpayer buyout plan - Globe and Mail
Kat Wilson from Canada writes: The reason this is happening is because banks have stopped lending each other money. They stopped lending each other money because they don't trust each other. They don't trust each other because they're all swimming in ...

Here's A Stunt for McCain - Slate
Does MSNBC (Olbermann et. al) really want Obama to win? Won't their ratings be higher in 2009 if they represent the angry opposition--as opposed to the disillusioned party in power? Just a thought. ... P.S.: This factor might cause them not to worry ...

Evidence mounting of long, painful recession - Denver Post
Oct 15: Stocks plunge anew as retail sales show steep drop Retail sales plunge 1.2 percent in September Oct 14: Oil falls to below $78 on recession fears Oct 15: Banks buying into bailout Oct 14: Stocks pull back as profit-taking sets in Bush ...

Markets surge on £1,465bn European bank bail-out - Financial Times
European governments on Monday pledged a total of €1,873bn ($2,546, £1,465) as part of co-ordinated plans to shore up their financial sectors, sparking sharp rallies across the continent’s stock markets. In the largest such plan, closely ...

Toronto stocks shoot up - Globe and Mail
If I had a million lobsters from Halifax, Canada writes: Welcome to wheelbarrow land where you will have the great opportunity to take your billion dollar notes to the store for a loaf of bread. My god, how can we honestly do this. Life as you it ...

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