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Today's Mortgage Terms starting with I

Index:

An index is usually a widely published market rate such as LIBOR, T-Bill or 11th District Cost of Funds (COFI). Lenders use these indices to set the interest rates charged on mortgage loans. For ARM, a predetermined margin is added to the index to calculate the interest rate adjustment.

Initial Rate:

The rate charged for the first interval of an ARM loan.

Interest:

Compensation in the form of money paid for the use of money.

Interest Rate Cap:

Caps limit the range that the interest rate on an adjustable rate mortgage can change in an adjustment interval during the term of the loan.

View all Terms
Knox mortgage rates news:
Financial News
Ethics Commission says informal requests public record - WATE
The Tennessee Ethics Commission confirms all requests for informal responses from its staff are public record. Jason Peters and Jennifer Leighann Rae, the Clarksville parents of a baby who died of dehydration in 2006, have pleaded no contest to ...

Plant Openings - Orlando Sentinel
RSS feeds allow Web site content to be gathered via feed reader software. Click the subscribe link to obtain the feed URL for this page. The feed will update when new content appears on this page. By Scott Doggett, Contributor General Motors ...

Tennessee News - WATE
The Rev. Al Sharpton says he and other civil rights leaders are kicking off a campaign the last week of September to register voters in seven key states, including Tennessee. Jason Peters and Jennifer Leighann Rae, the Clarksville parents of a baby ...

How a Plan Evolved - Inside Higher Ed
In May 2002, Stephen Greenblatt, then president of the Modern Language Association, wrote a letter on behalf of his colleagues on the Executive Council that reverberated throughout departments of English and foreign languages. Drawing on ...

01/16 - 01/23 (1) - Dakota Voice
Badlands Blue Dakota 21 Dakota Today DakotaWomen GraceLife Haggard News Hog House Blog Jay Reding.com Jim Rivers Report Mount Blogmore (RC Journal) Northern Valley Beacon Proud Liberal RadioActive Chief Rage in the Cage Robbinsdale Radical School-of ...

More luxe for the bucks - Raleigh News & Observer
Sellers' pain is buyers' gain as high-end houses crowd the market A glut of unsold expensive homes in the Triangle is giving home buyers a chance to get more luxury for their money. Demand for homes in the $500,000 and up price bracket ebbed over the ...

Dave Says - Nashville City Paper
To start with I’ve got to tell you that I’m a boy, and I love cars. But when you run the numbers you find that automobiles represent the largest purchases Americans make that goes down in value. Kiplinger’s Personal Finance magazine says that a ...

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sources: informars.com, erate.com, Freddie Mac
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