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

Day mortgage rates news:

Home builders' shares soar as mortgage rates plunge - Reuters
NEW YORK (Reuters) - Shares of U.S. home builders rose on Thursday as the beleaguered sector, floundering amid a protracted downturn, extended a six-day rally spurred by the largest drop in interest rates on 30-year fixed-rate mortgages in 27 years ...

Bernanke calls for more help to fix home mortgage crisis - Sacramento Bee
WASHINGTON – Adding to a mounting chorus in the nation's capital that the Bush administration must do more to reverse the nationwide housing slump, Federal Reserve Chairman Ben Bernanke on Thursday spelled out several aggressive steps that ...

Are sweeping changes coming for mortgage finance? - Fort Worth Star-Telegram
WASHINGTON - Adding to a mounting chorus in the nation's capital that the Bush administration must do more to reverse the nationwide housing slump, Federal Reserve Chairman Ben Bernanke on Thursday spelled out several aggressive steps that government ...

Johnson: We can't force banks - Politics.co.uk
"No, we can't force banks to pass it on. We do expect - and certainly that's the whole premise of the Bank of England's decision to bring interest rates down to 2% - that that will be passed on. "Certainly, consumers will be looking very carefully as ...

Banks see uptick in refinancings - Milwaukee Business Journal
It’s too early to deserve comparisons to the re-fi mania of the early 2000s, but mortgage refinancing surged over the past week at some southeast Wisconsin banks and mortgage lenders. The cause is low interest rates in the 5.5 percent range for a ...

Interest rate cut - Politics.co.uk
Interest rates have been slashed today to a fifty year low in a bid to stop the recession deepening further. The one per cent cut to the base rate is at its lowest since 1951. It now stands at two per cent and follows from a 1.5 per cent cut in ...

Interest rates cut - don't expect too much - New Zealand Herald
Lowering the official cash rate will make mortgages cheaper, but don't expect it to cushion the impact of the international financial crisis, says one banking expert. Massey University's centre for banking studies director David Tripe told the Herald ...

Has your lender cut rates? - Times Online
The Bank of England has moved to stimulate the economy and boost the fortunes of millions of hard-pressed homeowners with a third cut in interest rates in as many months. Millions of borrowers on tracker mortgages, pegged to the base rate, will ...

Treasury 10-Year Notes Fall; Chart Signals 7-Day Rally Overdone - Bloomberg
Dec. 5 (Bloomberg) -- Treasury 10-year notes declined as a technical indicator showed a seven-day rally that pushed yields to record lows was overdone. The debt’s 14-day relative-strength index fell to 24.6 yesterday, below the level of 30 that ...

TREASURIES-Fall in Asia before U.S. jobs report - Reuters
TOKYO, Dec 5 (Reuters) - U.S. Treasuries fell in Asia on Friday before an expected dismal U.S. jobs report later in the day that could reinforce expectations for further extreme monetary measures from the Federal Reserve. The benchmark 10-year yield ...