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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
Cotton mortgage quotes news:
Financial News
November 2 - November 9 (82) - Dakota Voice
► January 16 - January 23 (1) Bill Harlan has a piece on Page 1 of the local section of the Rapid City Journal today entitled "Is this a ‘push poll’ or a ‘message test’?" (I couldn't find it online). It's about the two " dueling polls ...

September 14 - September 21 (77) - Dakota Voice
► January 16 - January 23 (1) The afternoon plenary session of the FRC Washington Briefing was called Lights, Camera, Values in Action . It included speeches from Dr. Ted Baehr, president of MovieGuide, Brad Moore, president of Hallmark Hall of ...

FACTBOX-China's recent measures to spur growth - Forbes
BEIJING, Nov 6 (Reuters) - China will spend 1 trillion yuan ($146.5 billion) over the next three years to rebuild areas ravaged by May's Sichuan earthquake, media reported on Thursday, citing the country's top planning agency. Following are some ...

Site Presented By - Salon
You can't get rid of ol' Joe that easily. Connecticut Sen. Joe Lieberman may have openly campaigned for John McCain, but that doesn't mean Senate Democrats are going to do anything about it. Politico reports  Wednesday that a number of prominent ...

Chatological Humor - Washington Post
Gene Weingarten's humor column, Below the Beltway , appears every Sunday in The Washington Post magazine. It is syndicated nationally by the Washington Post Writers Group . At one time or another, Below the Beltway has managed to offend persons of ...

Register for FREE - Wall Street Journal
The email address you have entered is already in use. Please re-enter the email address. U.S. Treasury Secretary Paulson said he and his Group of Seven counterparts had agreed to an “aggressive” plan to deal with a financial turmoil that has ...

Political Punch - ABC News Blogs
Jake Tapper is ABC News' Senior National Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories. Politico's Jeanne Cummings is reporting that the Republican National ...

Words from the (Investment) Wise for the Week That Was (November 3 - 9 ... - Safe Haven
Welcome to Wall Street, Barack Obama. His victory signaled a change in US political direction, but the biggest election day rally ever - a surge of 4.1% in the S&P 500 Index on Tuesday - was quickly overshadowed by the grim realities of the worsening ...

America Needs A New New Deal - Common Dreams
The Bush administration has proposed the most expensive government spending plan in American history, allocating as much as $700 billion to a Wall Street bailout. The proposal was attacked by members of both parties, who immediately began ...

The Day the Constitution Died - Shelbyville Times-Gazette
FDR referred to the attack on Pearl Harbor, Hawaii on December 7th, 1941 as "a day that will live in infamy." I fear that same phrase can, and may, be used by future generations to describe November 4th, 2008. Lest this sound overly dramatic and ...

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