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Today's Mortgage Terms starting with V

VA Loans:

Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.

Variable Rate:

Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.

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Brookings mortgage rates news:
Financial News
Bailout from Coast to Coast - CNBC
With most economists expecting the Fed to cut the federal funds rate again at its mid-December meeting, the big buzz involves what new credit-easing measures may be in the works. What the Fed Can Do Besides Cut Rates Thus far this week, both Treasury ...

Economy pushes new agenda - Detroit News
WASHINGTON -- When recessions officially begin and end may not mean much to consumers feeling harsh economic pain. But now that the recession is official, President-elect Barack Obama may find it easier to power his economic agenda through Congress ...

Nov 30 - Dec 06 (176) - Andrewsullivan.theatlantic.com
If you're like me, you're putting your monthly retirement account statement directly into the trash without opening it. But it could be worse. An Economist writer who taught financial literacy to homeless single mothers noticed something wild : One ...

Analysis: Word of recession may boost Obama's plan - Yahoo Finance
WASHINGTON (AP) -- When recessions officially begin and end may not mean much to consumers feeling harsh economic pain. But now that the "R" word is official, President-elect Barack Obama may find it easier to power his economic agenda through ...

White House (577) - MSNBC Firstread
Richard Nixon 's reputation takes a fresh pounding every time the National Archives releases another batch of audio tapes from his presidency, and today's opening of nearly 200 hours of Nixon White House recordings is no exception. Again and again ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

Federal Reserve Video Gallery - CNBC
The Federal Reserve lowered its federal funds rate a half a point to 1.50 percent. It also lowered its discount rate by half a point. The Fed, whose decision was unanimous, last cut rates a quarter point in April. Central banks in the UK, European ...

China Tops Japan in U.S. Debt Holdings: Beijing Gains Sway Over U.S ... - Washington Post
China passed Japan to become the U.S. government's largest foreign creditor in September, the Treasury Department announced yesterday, reflecting the dramatic expansion of Beijing's economic influence over the American economy. China's new status ...

Defending the CRA - American Progress
Amid the largest financial market meltdown since the 1930s, the search for scapegoats is on. Clearly the rapid expansion of mortgage lending and the related proliferation of new loan products offered to unqualified borrowers in an environment of low ...

MCCAIN'S 'SOCIALIST' FALLACY - New York Post
ONCE the McCain campaign said Barack Obama was a ter rorist sympathizer, we should've have known "socialist" was next. Ever since Obama told "Joe the Plumber" that we should "spread the wealth," John McCain and Sarah Palin have taken to blasting ...

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