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

Henry home equity loans news:

Paulson Considers New Plan to Resuscitate U.S. Housing Market - Bloomberg
Dec. 4 (Bloomberg) -- Treasury Secretary Henry Paulson is considering a new plan to reduce mortgage rates in another bid to revive the U.S. housing market, a government official said. The Treasury, which already has a program to buy mortgage- backed ...

U.S. to Speed Investment From China Banks, State Fund (Update2) - Bloomberg
Dec. 5 (Bloomberg) -- The U.S. agreed to speed up approvals for Chinese financial institutions seeking to invest in the country, as Treasury Secretary Henry Paulson tries to find ways to unlock frozen credit markets and stabilize banks. The ...

Can Ford Pull Ahead? - Newsweek
From the Editors (3) Why Cars Don't Get 50mpg The Most Fuel Efficient Cars Why the Government Wants You To Drive More As Detroit circles the drain, it appears all is lost for the American auto industry if taxpayers don't ride to the rescue with a $34 ...

Give owners 5% mortgage and watch economy thrive - Atlanta Journal Constitution
FDIC Chairwoman Sheila Bair deserves credit for proposing a plan to have the government help delinquent homeowners. At least she is trying to solve the mortgage component of the economic crisis and get the economy moving again, which is more than can ...

Most Viewed Business News - Yahoo News
Employers cut 533K jobs in Nov., most in 34 years AP - 36 minutes ago WASHINGTON - Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening ...

Paulson Considers New Plan to Resuscitate U.S. Housing Market - Bloomberg
Dec. 4 (Bloomberg) -- Treasury Secretary Henry Paulson is considering a new plan to reduce mortgage rates in another bid to revive the U.S. housing market, a government official said. The Treasury, which already has a program to buy mortgage- backed ...

Site Presented By - Salon
Economists were anticipating a bad jobs report for November, but the new numbers, by any standard, are shocking. The Department of Labor reported that non-farm payrolls in the U.S. declined by 533,000 in November. That would make 1.2 million jobs ...

U.S. Eyes Plan to Lift Home Sales - Wall Street Journal
WASHINGTON -- The Treasury Department is considering a plan to revitalize the U.S. home market that would push down mortgage rates for home loans, according to people familiar with the matter. The plan, which is in the development stage, would ...

Treasury Ponders Rate Relief for Home Buyers - Smart Money
WASHINGTON (Dow Jones) -- The Treasury Department is considering a plan to revitalize the U.S. home market that would push down interest rates for loans to purchase a home, according to people familiar with the matter. The plan, which is in the ...

How To Cope With The Flood Of Foreclosures? - Forbes
Despite soaring foreclosure rates, President Bush and other Republicans have not made this a top priority, and Treasury Secretary Henry Paulson has refused to draw on the $700 billion rescue fund to help homeowners, saying that saving financial ...