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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
Gregg mortgage rates news:
Financial News
$700B bailout needs better oversight - auditor - CNN Money
NEW YORK (CNNMoney.com) -- The first official review of the federal government's $700 billion financial rescue plan said Treasury has yet to address "critical" oversight issues to ensure the plan is working. The Government Accountability Office's ...

November 2008 - Posts - MSNBC Firstread
Senate candidate Al Franken will not appeal a decision by the Minnesota State Canvassing Board, which today rejected the Democrat's request that rejected absentee ballots be included in the race's hotly contested recount. The canvassing board's ...

Site Presented By - Salon
I apologize for abandoning my post while titans like Citigroup totter and Barack Obama rolls out his new economic team, but I'm huddling with family this week. I'll be back on Monday. New York Federal Reserve president Timothy Geithner testifies at ...

THE ECONOMY IN TURMOIL - San Francisco Gate
Americans binge on credit in a mania of speculation and consumption until the debt-fueled bubble bursts. Wall Street has a meltdown, the mania turns to hysteria, and the economy goes haywire. SF Gate polls are strictly surveys of those who choose to ...

Taxes fuel discontent - Baltimore Sun
Voters are profoundly dissatisfied with the $1.3 billion in tax increases passed during November's special legislative session, and a majority consider the package unfair, according to a new Sun Poll. As a result, public approval of Gov. Martin O ...

Economy In Turmoil - San Francisco Gate
The most critical challenge is much more immediate - to stem a spreading financial panic that has put loan markets in a deep freeze and placed the entire economy in jeopardy. Only by understanding the fear factor is it possible to make sense of the ...

Bexar has most foreclosed properties since 1990 - San Antonio Express News
Bexar County foreclosure postings have hit the highest monthly total in more than 17 years, reaching a level not seen since the oil bust and real estate slump of the late 1980s and early 1990s. November's foreclosure auction will see 936 homes sold ...

goodmortgage.com Creates the Ultimate Workplace Amidst Revitalization ... - dBusinessNews.com
CHARLOTTE , N.C. , – goodmortgage.com is re-defining the “necessities” of the workplace in its newly-refurbished home at 3325 South Tryon Street . As it approaches the decade mark as an Internet-based lender, goodmortgage.com continues its ...

Obama Vows Stimulus Now, Restraint Later - Investors Business Daily
President-elect Barack Obama said Tuesday his administration will focus on economic recovery to start, but stressed the need for budget reforms. He emphasized his middle-class tax cuts and other stimulus efforts will help save or create 2.5 million ...

Local living costs lower than national average - The Daily Advertiser
The cost of living in Lafayette is lower than the national average, according to a recent study. The Council for Community and Economic Research's third-quarter Cost of Living Index rated Lafayette's cost of living at 99 percent of the national ...

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