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News about Mortgages:
Land Registry reports double-digit fall in house prices - Guardian UnlimitedThe annual rate at which house prices in England and Wales are falling continued to accelerate during October, official figures showed today. The Land Registry said prices were down 10.1% year-on-year - the first time its index has shown a double ...
We're all suffering - but who are the worst hit? - The IndependentRising unemployment, falling house prices... the struggling economy is having an impact everywhere. Samantha Downes looks at the regional variations The recession is biting hard right across Britain, but some of us have been feeling the downturn much ...
Saved by the loan arranger - The SunGORDON Brown’s mortgage rescue package is a masterstroke. It will give help to thousands at the very moment they need it. This is a far more productive use of government money than frittering away billions on state jobs which aren’t needed. The ...
PRESS DIGEST-Australian General News - Dec 1 - Reuters--Directors seeking re-election to the boards of some of Australia's most prominent sharemarket-listed companies are increasingly facing shareholder protests, according to an analysis of annual general meetings this year. Companies that recorded ...
BBC Blog Network - bbcCan Stephen Fry kill a gadget? 9:42pm on 27 Nov 2008 Anyone who can accidentally twitter using inappropriate parts of their anatomy (check out Mr Fry's tweets today) is someone I respect... I think it is natural to listen to the advice of someone we ...
Treasurer urges banks to pass on full interest rate cut - The AustralianThe Australian's Michael Stutchbury says that the latest rate cut should be the RBA's last significant rate reduction. The call from Mr Swan marks the first time the Treasurer has made such a strong statement, after previously stressing only that ...
Jobs slaughter continues as bosses slash production - Socialist WorkerSigns that Britain faces the worst recession in more than 20 years were confirmed by a collapse in the value of the pound, a sharp drop in the value of shares, and reports of a dramatic drop in demand by British manufacturers. On Monday the pound ...
Tribunal says politicians deserve hefty pay rise - Australian Broadcasting Corp.TONY EASTLEY: The Tribunal which sets politicians' pay says that MPs' and ministers' salaries have fallen behind and it's time they got a hefty pay rise. In its annual report the Remuneration Tribunal makes the point that a cabinet minister is paid ...
Mixed numbers unlikely to sway the RBA - Australian Broadcasting Corp.ELEANOR HALL: We begin today with the latest on the Australian economy, and as the Reserve Bank board meets to decide on yet another cut to interest rates, figures on our export performance and retail sales show that the economy is flat at best ...
The Social - CNET NewsA report on PaidContent suggests that InterActiveCorp, the media conglomerate owned by Barry Diller, may be looking to sell off some of its smaller ad-supported content properties--effectively, tossing assets overboard to lighten the load during ...
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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