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All About Him - SlateMcCain Speech React: I predicted McCain's would be a good speech. Wrong again. That makes two successful conventions ending with weak final acts. 1) McCain screwed up what was potentially the most effective part of the speech, where he blames his own ...
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Stocks plummet after retail, unemployment data - Denver PostTraders work on the floor of the New York Stock Exchange, Thursday, Sept. 4, 2008 in New York. Wall Street plunged Thursday, sending the Dow Jones industrials down more than 340 points as retailers and the Labor Department added to the mountain of ...
Edward Luce on the US election - Financial TimesEdward Luce, the FT’s Washington Bureau chief, writes regular comment and analysis on the US presidential elections. Revelations on Palin stir vetting doubts John McCain insisted that his selection of Sarah Palin, the 44-year-old governor of Alaska ...
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Alone on the lone prairie - Denver PostAbove, from left, Thao Dang, Nathan Dang, 3, and architect Hoang Dang in the living area of the home that Hoang Dang designed. (Natalie Caudill, The Dallas Morning News) All around architect Hoang Dang's suburban Texas house you see roadrunners and ...
Trial Begins For Venezuelan In Alleged Hush-money Case - Beurs.nlMIAMI (AFP)--The trial of a Venezuelan accused with four others of seeking to silence a man with dual U.S.-Venezuelan citizenship accused of entering Argentina with campaign money got under way Tuesday. Franklin Duran, three other Venezuelans and an ...
UPDATE:Coca-Cola To Buy Huiyuan Juice Group For US$2.4 Billion - Beurs.nlHONG KONG -(Dow Jones)- Soft-drink giant Coca-Cola Co. (KO) said Wednesday it plans to buy beverage producer China Huiyuan Juice Group Ltd. (1886.HK) for US$2.4 billion, in what will be the Atlanta-based company's second-biggest acquisition ever ...
How to speak Republican - Guardian UnlimitedThe Republican party hasn't just been winning presidential elections for most the past four decades, it's been winning the political conversation. From lavishly funded thinktanks like the Heritage Foundation to rightwing yakkers filling the airwaves ...

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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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