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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.

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Jones mortgage quotes news:
Financial News
TREASURIES-Bonds mostly ease as investors wary of low yields - Reuters
NEW YORK, Dec 4 (Reuters) - U.S. Treasuries mostly eased on Thursday as investors balked at buying government debt after a recent price surge that pushed yields to the lowest in over 50 years. Losses were limited however by data showing the U.S ...

Stock & fund quotes - ninemsn
NEW YORK, Nov 28 (Reuters) - U.S stocks rose on Friday on light volume in an abbreviated session, capping the best week for the S&P 500 since at least 1980, as investors hoped government and central bank moves unveiled this week would boost the ...

Hong Kong shares outlook - Lower on Wall St plunge, HSBC mortgage rate ... - Forbes
HONG KONG (XFN-ASIA) - Share prices are expected to open lower following an over 7 pct decline on Wall Street after Federal Reserve chairman Ben Bernanke's warning that the US economy remains under strain. Sentiment also took a hit after the National ...

Nov 30 - Dec 06 (163) - Andrewsullivan.theatlantic.com
In 2006, adjusted for purchasing power, the United Kingdom spent $2,760 per person on health care. America spent $6,714. It's a difference of almost $4,000 per person, spread across the population. That's $4,000 that can go into wages, or schools, or ...

Hong Kong shares end lower on worries over US automakers, global ... - Forbes
HONG KONG (XFN-ASIA) - Share prices closed weaker amid renewed fears that two of the three US automakers face bankruptcy, which could hurt the rest of the global economy. Dealers said Dow Jones index futures were pointing to a lower open tonight amid ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. In a few minutes, the leaders of the nation’s automakers will go before Congress and attempt to explain exactly how their companies are ...

Obama warns against WH 'groupthink' - Politico.com
Obama said he is “confident that this is the team that we need to make a new beginning for American national security.” CHICAGO – President-elect Obama took a swipe at President Bush and declared “complete confidence” in "my dear friend ...

Words from the (Investment) Wise for the Week That Was (November 24 ... - Safe Haven
The holiday-shortened Thanksgiving week brought investors an additional item to be thankful for when stock markets closed higher for five consecutive trading days - a rare winning streak last accomplished in July 2007. The S&P 500 Index gained 19.1 ...

Stocks fall sharply on consumer spending worries - Globe Gazette
NEW YORK (AP) — The reality that the nation is indeed in recession and that the downturn may well be prolonged sent Wall Street plunging Monday, hurtling the Dow Jones industrials down nearly 700 points and wiping out more than half of last week's ...

Gates a 'Done Deal' - ABC News Blogs
Sources tell ABC News that Defense Secretary Robert Gates will be staying on in the top Pentagon job, for at least the first year of the Obama administration. "It is a done deal," a source close to the process tells ABC News. Gates, while a ...

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