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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.

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Beaufort mortgage rates news:
Financial News
Treasurys extend gains amid investor worries - Beaufort Gazette
NEW YORK Yields on U.S. government debt touched fresh lows again Tuesday as investors, worried about the economy and the ongoing volatility in stocks, again sought out the safest investments. Yields, which move opposite their price, fell to record ...

College closings rare, but could rise in downturn - Beaufort Gazette
For 15 years, Cascade College in Portland, Ore., struggled to find the fuels that any college needs: students to pay tuition, and donors to help build an endowment. Then came the global economic meltdown, and suddenly that struggle became an ...

Around the nation - Houston Chronicle
Citigroup shares tumbled 26 percent below $5 a share Thursday to their lowest level in more than 15 years, a sign that a Saudi prince’s decision to boost his stake in the bank has failed to galvanize confidence among increasingly anxious investors ...

Florida turns into tossup after financial meltdown - Beaufort Gazette
TALLAHASSEE, Fla. Democrat Barack Obama poured millions of dollars into Florida over the summer but couldn't close in on John McCain's comfortable lead. The Republican didn't flinch, confident the state was trending toward the GOP eight years after ...

US Federal Reserve needs to rediscover the power to shock and awe to ... - Daily Telegraph
Yesterday's move by the US Federal Reserve, the European banks and the Bank of Japan to douse the global banking system with $184bn (£101bn) may get us through the week without another catastrophic failure, but it does nothing to halt the downward ...

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sources: informars.com, erate.com, Freddie Mac
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