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Today's Mortgage Terms starting with S Second Mortgage: An additional mortgage that has rights that are secondary to the first mortgage. Seller’s Market: Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property. Settlement Costs: Money paid by the borrowers and sellers to complete the closing of a mortgage. Settlement Cost (HUD Guide): HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application. View all Terms

Washington mortgage rates news:

Treasury weighs action on mortgage rates - MSNBC
The Treasury Department is strongly considering a plan to intervene directly in the mortgage industry to dramatically force down rates and stimulate the moribund housing market, according to sources familiar with the proposal. Under the initiative ...

Henry Paulson plans bailout for US mortgage borrowers - Times Online
Henry Paulson, the US Treasury Secretary, is trying to use his last month in office to force through a bailout for struggling mortgage borrowers. The Treasury Department is currently drawing up plans to help homeowners by using Fannie Mae and Freddie ...

Treasury Money Funds Shun New Investors to Protect Yields, Fees - Bloomberg
Dec. 4 (Bloomberg) -- Money-market mutual funds that buy mostly U.S. Treasuries are starting to turn away new investors as the lowest yields on government debt in 50 years pull down returns for shareholders and squeeze managers’ fees. At least ...

Financial industry pushes for lower mortgage rates - Dallas Morning News
WASHINGTON – Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market. Under one proposal, Treasury would seek to lower the rate on a 30-year mortgage ...

Mortgage rates drop to lowest level since January - WTOP Radio
WASHINGTON (AP) - Rates on 30-year mortgages plunged this week to the lowest level since January after the government launched a sweeping new effort to aid the U.S. housing market. Mortgage finance giant Freddie Mac reported Thursday that average ...

Treasury Weighs Action on Mortgage Rates - Washington Post
The Treasury Department is considering a plan to force down mortgage rate and stimulate the housing market, sources said (By Steve Helber -- Associated Press) The Treasury Department is strongly considering a plan to intervene directly in the ...

Treasury Department Considering Bold Mortgage Move - CBS 2
WASHINGTON (AP) ― Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market. Under the proposal, Treasury would seek to lower the rate on a 30-year mortgage to ...

Fannie Mae, Freddie Mac Mortgage-Bond Yields Fall (Update1) - Bloomberg
Dec. 4 (Bloomberg) -- Yields on Fannie Mae, Freddie Mac and Ginnie Mae mortgage bonds fell as Treasury Secretary Henry Paulson considers a plan to push home-loan rates down to 4.5 percent. Yields on Washington-based Fannie’s current-coupon 30-year ...

Mortgage Plan Prompts More Bailout Politics - The Washington Independent.com
The Treasury Department’s tentative plan to salvage the housing market by pushing down mortgage interest rates to entice homebuyers already is drawing a lot of reaction. The Wall Street Journal reported that Treasury was weighing the idea, in ...

Treasury weighs forcing down mortgage rates - Buffalo News
WASHINGTON — The Treasury Department is strongly considering a plan to intervene directly into the mortgage industry to dramatically push down rates and stimulate the moribund housing market, according to sources familiar with the proposal. Under ...