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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

Summers mortgage rates news:

Obama Picks Point Men For Crisis Fight Back - Post Chronicle
President-elect Barack Obama has picked two experienced policymakers, Timothy Geithner and Lawrence Summers, to spearhead the fight against the global financial crisis -- appointments which should bring some cheer to world markets Obama, who will ...

TOPWRAP 1-Obama picks point men for crisis fight back - Forbes
WASHINGTON/LIMA, Nov 23 (Reuters) - U.S. President-elect Barack Obama has picked two experienced policymakers, Timothy Geithner and Lawrence Summers, to spearhead the fight against the global financial crisis -- appointments which should bring some ...

Paulson, Summers, Rubin Agree More Action Is Needed for Economy - Bloomberg
Nov. 18 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson and two of President-elect Barack Obama 's top economic advisers agreed that further steps are needed to shore up the economy, while clashing over tax policies. ``There's still a good bit ...

Paulson, Summers Agree More Action Needed for Economy (Update1) - Bloomberg
Nov. 18 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson and two of President-elect Barack Obama 's top economic advisers agreed that further steps are needed to shore up the economy, while clashing over tax policies. ``There's still a good bit ...

Geithner's Experience Shapes Him For Treasury Role - Post Chronicle
Timothy Geithner was on every short-list to take over the U.S. Treasury Department for the singular reason that he has been involved in virtually all major efforts to restore stability to shaky financial markets. Still a youthful 47 years of age ...

Words from the (Investment) Wise for the Week That Was (November 17 ... - Safe Haven
A new bout of fear gripped financial markets during the past week, causing the slide in global stocks, commodities and emerging-market assets to deepen. As investors' angst escalated, positions in risky assets were liquidated in exchange for ...

For Treasury, Geithner said to be choice - Spartanburg Herald-Journal
WASHINGTON — President-elect Barack Obama will name Timothy F. Geithner, president of the Federal Reserve Bank of New York, to be his Treasury secretary, moving to fill a key post at a moment when the quavering financial markets are looking for ...

Entries for November 2008 - US News and World Report
"The team is expected to include New York Federal Reserve Bank President Timothy Geithner, who will be nominated as the next Treasury secretary, Mr. [Lawrence] Summers, and incoming budget director Peter Orszag. Jacob Lew, a former White House budget ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Put three Treasury secretaries in a room and you’ll get a variety of views about the U.S. economy and financial system. Make Lawrence Summers ...

What to watch today - Orlando Sentinel
*Labor Department releases producer price index for October. * Home Depot Inc. reports third-quarter financial results. * Saks Inc. reports third-quarter financial results. Japan slips into recession Recession is back in Japan after a seven-year ...