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Today's Mortgage Terms starting with M Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender. Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property. Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market. Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services. Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance). Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default. Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity. Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment. Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment. View all Terms

Moody mortgage rates news:

Business Highlights - Forbes
WASHINGTON (AP) - U.S. automakers drew fresh skepticism from lawmakers Thursday in a rocky confrontation over their pleas for an expanded $34 billion rescue package they say they need to survive. Congressional analysts said one bailout plan under ...

Fixed rates fall below 6% - Philadelphia Inquirer
For the third time this year, fixed interest rates have fallen below 6 percent, boosting business for lenders at the start of the typically slow holiday period. Rates for 30-year mortgages have been at or near 5.50 percent since Nov. 26, the result ...

Mortgage rates dip for 4th straight week - San Gabriel Valley Tribune
WASHINGTON - Rates on 30-year mortgages sank for a fourth straight week, falling below 6 percent for the first time since early October, and are heading lower due to the government's massive new effort to aid the U.S. housing market. Further drops ...

Mortgage rates drop below 6% - Everett Herald
WASHINGTON -- Rates on 30-year mortgages sank for a fourth straight week, falling below 6 percent for the first time since early October, and are heading lower due to the government's massive new effort to aid the U.S. housing market. Further drops ...

Mortgage rates dip for fourth consecutive week - HometownAnnapolis.com
WASHINGTON, D.C. (AP) - Rates on 30-year mortgages sank for a fourth straight week, falling below 6 percent for the first time since early October, and are heading lower because of the government's massive new effort to aid the U.S. housing market ...

Moody's sees slower Islamic banking growth - Gulf News
Dubai: Gulf-based Islamic banks, which have displayed resilience amid the current global financial turmoil, will see a slowdown in asset growth next year, ratings agency Moody's said in a report. Globally, the Islamic banking sector grew about 27 per ...

A Rush Into Refinancing as Mortgage Rates Fall - The Ledger
The housing market may finally be getting some relief, with lower mortgage rates already encouraging refinancing and Treasury officials considering ways to entice new buyers. Click to enlarge Low rates enticed Javier and Irina Lattanzio to refinance ...

Asia Bond Collapse Spurs Borrowers to Repurchase Debt (Update2) - Bloomberg
Dec. 5 (Bloomberg) -- Asian companies are stepping up the pace of debt repurchases as prices fall to record lows. Galaxy Entertainment Group Ltd ., Olam International Ltd. and Flextronics International Ltd. lead borrowers that bought back $61.7 ...

A rush into refinancing as U.S. mortgage rates fall - International Herald Tribune
The U.S. housing market may finally be getting some relief, with lower mortgage rates already encouraging refinancing and Treasury officials considering ways to entice new buyers. Last week, the Federal Reserve announced that it would buy $500 ...

New low mortgage rates out of reach - The Washington Times
A 30-year, $350,000 mortgage bearing a fixed rate of 5.25 percent instead of 6.5 percent would save a borrower $280 per month. A half-percentage-point reduction to 5.5 percent would yield a monthly savings of $111. "Many people have been sitting on ...