San Joaquin Mortgage Rates and Information Online from competing Lenders

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Valley's housing woes get hearing in Stockton today - Modesto Bee
WHAT: The foreclosure crisis in the San Joaquin Valley is the focus of a meeting of the House Committee on Financial Services today in Stockton. WHEN: Noon. The public is invited. WHERE: The Stockton Arena, 248 W. Fremont St. WHO: Among those invited ...

Foreclosures hit national high as selling prices drop in San Joaquin ... - Record
California and Florida continued to dominate as foreclosures nationally hit a record high, according to the latest quarterly survey of the Mortgage Bankers Association. New foreclosures increased nationally to 1.19 percent in the second quarter ...

Congressional committee to review local foreclosure crisis - Lodi News-Sentinel
A House committee will come to Stockton on Saturday to conduct a formal hearing on the nation's foreclosure crisis and what can be done about it. The House Committee on Financial Services, chaired by Rep. Barney Frank, D-Massachusetts, will convene ...

Homes : Thousands of MLS listings; alerts - Bakersfield Californian
Jobs : Post your resume; email alerts; job tips — spokesman Mark Crowley of Crowley Maritime Corp., which operates container ships, tugs and barges in the Gulf Coast region, to the Associated Press. Billions of dollars are at stake in oil, tourism ...

RSS Feed: Local News - Tracy Press
• Big white blossoms: Have you noticed all the almond blossoms in the past few weeks? Growers report that San Joaquin County’s $143 million almond industry is off to a good start this year — with warm weather and plenty of honeybees. • Cold ...

Final report on 2007 housing: It was the year of the plunge - Modesto Bee
By most estimates, the valley leads the nation in foreclosures, a trend exacerbated by falling home prices that make it more difficult for owners in mortgage trouble to refinance or sell. Police shoot, kill man who stomped baby to death CHP officers ...

Real estate roller coaster plunges after a thrilling ride - Modesto Bee
Four homes for sale on a single block on Novi drive in Riverbank epitomized the state of the housing industry last fall. Homeowners finally are finding a benefit in the plunging values - tax officials say property assessments will drop for about 25 ...

Rural communities hit hard by foreclosures, too; farms fall under the ... - AG Weekly
MERCED, Calif. - The end came in a blink outside the Merced County courthouse. Only six people showed up for the foreclosure auction, Janice Pimentel and her son Nick included. By chance, the Pimentels’ dairy farm was the first property offered ...

Waiting for the bounce - Record
When Linda and David Barnes put their north Stockton home up for sale in August 2006, the real-estate market was already slowing down. They knew that. Still, they had bought and sold two homes during their 34 years in Stockton, and things had always ...

Wading through flood mandate - Record
About $80 a month, she concluded. Another bill for a 58-year-old woman facing rising health costs due to diabetes and coronary artery disease. Chavez, who is divorced, is already on a fixed income and is paying more each week for gas and groceries ...

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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.
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