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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. View all Terms

Jones mortgage rates news:

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 ...

Credit markets' rising rates pose economic threat - Seattle Times
NEW YORK — Rates may be falling for residential mortgages and the securities backed by them, but there hasn't been a similar loosening in other strained areas of the credit markets. Rising rates on corporate bonds and commercial mortgage-backed ...

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 ...

Irish Life Passes ECB Cut, Can't Guarantee Passing On More - FXStreet.com
DUBLIN -(Dow Jones)- Irish Life & Permanent PLC (IPM.DB) said Friday it will pass on the European Central Bank's 75-basis-point rate cut to variable and tracker rate mortgage customers from Jan. 2, but warned it can't guarantee passing on more rate ...

Lower Rates Help Sell Houses, but Market Faces Broader Ills - Wall Street Journal
A possible move by the Treasury Department to push down mortgage rates has raised the hopes of home buyers, real-estate agents and economists -- and the share prices of residential builders and related businesses. But the proposal, if implemented as ...

Mortgage rate drop sparks surge in consumer interest - San Jose Mercury News
Borrowers descended on the home loan industry Wednesday after the federal government's latest move to shore up the financial system sparked a sharp drop in interest rates. Valley brokers said business picked up immediately as rates dropped from 6 ...

Trying to end the mortgage-rate lag - CNN Money
Click chart for latest bond prices Click chart for latest bond prices Click chart for latest bond prices NEW YORK (CNNMoney.com) -- Bad news is good news for Treasury investors, and recently, there has been a whole lot of bad news. Mortgage rates ...

Pound Poised for Record Weekly Drop Against Euro After Rate Cut - Bloomberg
Dec. 5 (Bloomberg) -- The pound was set for a record weekly drop against the euro and 10-year government bonds gained by the most in a decade after the Bank of England cut its key interest rate yesterday to the lowest level since 1951. The pound ...

Mortgage Rates Fall as U.S. Expands Rescue - Wall Street Journal
U.S. officials pledged to pump another $800 billion into ailing credit markets, much of it directly from the Federal Reserve -- a move that makes the nation's central bank a lender to almost every corner of American life. The Fed, whose traditional ...

Treasurys end month with yields near record lows - WTOP Radio
NEW YORK (AP) - Yields on long-term government debt sank to new record lows Friday, the last trading day of the month, as investors continued to bet on an extremely weak economy. The 30-year yield dropped to about 3.43 percent, the lowest level since ...