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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
Bowie mortgage rates news:
Financial News
Birmingham Mayor Larry Langford Faces Bribery Charges (Update1) - Bloomberg
Dec. 1 (Bloomberg) -- Birmingham, Alabama’s mayor was charged with bribery and money laundering in connection with municipal bond and derivative deals while he was president of the Jefferson County Commission, according to an indictment unsealed ...

November 2008 - Weblogs.baltimoresun.com
Reader Dave sends this nice letter to Obama's change.gov Web site, a propos of Saturday's column on layoffs. Dear President-elect Obama, Normally, I do not comment or send letters to elected officials, but since we are all looking for positive change ...

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 ...

Maryann Haggerty and Elizabeth Razzi - Washington Post
Welcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi. Maryann has been with The Post for 18 years and has served as real estate editor for ...

Niall Ferguson - Washington Post
In today's rocky financial climate, it is vital to understand how the global economy came to be. Harvard Business School professor Niall Ferguson was online Tuesday, November 25 at 10 a.m. ET to discuss his new book, The Ascent of Money: A Financial ...

Politics is a family-size row - Stuff
FAMILY AFFAIR: When Eddie Bowie (17, right) put up a Labour sign in front of his house, his father John (left) responded with an even bigger National one. Eddie Bowie is too young to vote but that has not stopped the staunch Labour supporter going to ...

College choices get harder with downturn - Austin American-Statesman
For years, Mike and Kelly D'Addeo planned to use their trove of Intel Corp. stock options to send their son Tony to a top college. Tony would be a good candidate for any school: He's a straight-A senior at Bowie High School and captain of the ...

Boom and Bust - Australian Broadcasting Corp.
As world leaders gather in Washington to address the current financial crisis, Rear Vision returns to a similar meeting in Bretton Woods, New Hampshire, following the crash of 1929, the Great Depression and World War II. This transcript was typed ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. A day after the $700 billion economic rescue package was defeated on Capitol Hill, John McCain launched an ad pointing the blame at rival ...

John McCain predicts comeback victory; Obama advisors skeptical - Cleveland Plain Dealer Blog
COLUMBUS -- John McCain entered the final weekend of the presidential race predicting a come-from-behind victory on Tuesday, with aides insisting that independents and large numbers of persuadable Democrats will break for the Republican candidate. "I ...

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