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Rates on 30-year mortgages fell below 6 percent last week, recording ... - San Francisco GatePaulson: Protectionist policies won't solve crisis 10.12.08 Pakistani tribesmen rise up against militants 10.12.08 Pope creates 4 new saints, including Indian woman 10.12.08 Grim economic reality faces next president 10.12.08 Freddie Mac, the ...
Career Moves - Raleigh News & ObserverStory Tools Sean W. Greene was appointed senior vice president of corporate strategy and business development at R.H. Donnelley. Greene is based at the company's Cary office. Jennifer L. Weber was named chief human resources officer at Duke Energy ...
Managing Your Money-Related Stress - US News and World ReportWomen are worried. Very, very worried. About their stock investments, balloon mortgage payments, job security. Men are, of course, worried too, but economic stress could be taking a greater health toll on women, according to this survey of more than ...
Around Town - Beaufort Gazette•The Uptown Beaufort Merchants Association is hosting a Public Candidates Forum for the mayoral and City Council candidates for the City of Beaufort at 3 p.m. today at the Blue Crab Restaurant & Bar. The newly formed Uptown Beaufort Merchants ...
Our faith offers guidance in times of financial worry - Catholic New WorldI t’s the talk in the office, on the train, in the store, among friends and family. What will be the fallout of the economic crisis and what does the future hold? There is a near palpable sense of fear and worry among people today. Will my ...
Japan continues plunge in shares - BBC NewsAsian stock markets have opened down sharply amid investor panic that global government action might not be enough to stem the financial crisis. Japan's Nikkei index plunged more than 5% in 30 minutes, shattering the psychological 10,000-point ...
NASA whiz-kid to head new US Treasury position - The AustralianTHE Pope has bought into the global credit crisis. He has resurrected the old one about wolves in sheep's clothing and decrying the world's financial system as "built on sand". Sorry, but the Pontiff is talking papal bull. The reality of global ...
McCain would buy bad homeowner mortgages - The Washington TimesAs conceived by Treasury Secretary Henry Paulson and as passed by Congress, the rescue package would be used primarily to purchase mortgage-backed securities. It would allow, but not require direct purchase of mortgages. Under McCain's plan, the ...
Housing costs squeeze budgets - Buffalo NewsMuch attention has been given to homeowners struggling to make their mortgage payments but other household costs are also hammering both homeowners and renters alike, according to the Center for Housing Policy. All major categories of homeowner ...
US hires Indian-origin advisor for financial rescue - IBN LIveWashington: Neel Kashkari is armed with a $700 billion dollar line of credit. His mission: to start buying bad debt. US Treasury official Neel Kashkari, 35, has been named to spearhead the Wall Street rescue plan. Kashkari who has been working over ...

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Today's Mortgage Terms starting with S
Second Mortgage: An additional mortgage that has rights that are secondary to the first mortgage.
Seller’s Market: Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.
Settlement Costs: Money paid by the borrowers and sellers to complete the closing of a mortgage.
Settlement Cost (HUD Guide): HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.
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