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Today's Mortgage Terms starting with D Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan. Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan. Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate. Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price. View all Terms

Washington mortgage rates news:

30-year mortgages fall to 6.40%, lowest level in 6 weeks - USA Today
WASHINGTON (AP) — Rates on 30-year mortgages fell for the second straight week, declining to the lowest level in more than a month. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.40% this week ...

U.S. 30-year mortgage rates fall in latest week - Reuters
WASHINGTON, Aug 28 (Reuters) - U.S. 30-year mortgage rates fell slightly in the latest week, according to a survey released on Thursday by home funding company Freddie Mac. U.S. 30-year mortgage rates dipped to an average of 6.40 percent from 6.47 ...

Fannie, Freddie Slip After Key Gains - Washington Post
Treasury Secretary Henry Paulson Jr. and officials are weighing factors in determining whether to intervene. (By Brendan Smialowski -- Bloomberg News) When shares of Fannie Mae and Freddie Mac dropped sharply yesterday, it marked a sour end to an ...

AP News Calendar - Forbes
Major scheduled events during the week beginning Aug. 31, 2008. Note that many events, especially court appearances, are subject to change at the last minute. The following economic reports will be issued in Washington (all times EDT): TUESDAY: The ...

See today's average credit card rates across the country. - MSNBC
WASHINGTON - Rates on 30-year mortgages fell for the second straight week, declining to the lowest level in more than a month. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dropped to 6.40 percent this week ...

Agency Mortgage-Bond Yield Spreads Narrow to Lowest in a Month - Bloomberg
Aug. 29 (Bloomberg) -- Yields on agency mortgage securities relative to U.S. Treasuries fell to the lowest in a month as buyers took advantage of some of the widest spreads since 1986. The difference between yields on Fannie Mae's current-coupon 30 ...

Mortgage Rates Fell in Week - Wall Street Journal
WASHINGTON -- Rates on fixed-rate home mortgages fell this week, following reports of weakness in the economy, Freddie Mac's chief economist said Thursday. But rates on adjustable-rate mortgages rose slightly. The 30-year fixed-rate mortgage averaged ...

Agency Mortgage-Bond Yield Spreads Reach Lowest in a Month - Bloomberg
Aug. 29 (Bloomberg) -- Yields on agency mortgage securities touched the lowest in a month relative to U.S. Treasuries after buyers took advantage of some of the widest spreads since 1986. The difference between yields on Fannie Mae's current-coupon ...

Business events scheduled for the coming month - Boston Globe
MONDAY, Sept. 1 Labor Day. U.S. financial markets are closed. TUESDAY, Sept. 2 WASHINGTON -- Commerce Department releases construction spending for July. 10 a.m.; weekly Treasury auction. NEW YORK -- The Institute for Supply Management releases its ...

Wachovia says capital OK, eyes asset sales: Sandler - Washington Post
Resize NEW YORK (Reuters) - Wachovia Corp (WB.N) should not need to raise dilutive capital and sales of non-core assets will likely total hundreds of millions of dollars, not billions, Chief Executive Robert Steel told an analyst. In a report dated ...