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Fiscal Plans Stimulate the Bulls - Barron's OnlineOver the 12 Days of Christmas, stocks gained about 7%, or about $800 billion in dollar terms, based on the DJ Wilshire 5000, the broadest measure of the U.S. stock market. And by pure coincidence that's about the same as the $775 billion fiscal ...
Investing for hard times, not End Times - Los Angeles TimesThis is not the way the financial Armageddonites wanted to start the year. A global stock market rally? Don't people know that an economic collapse is coming? All over the Internet, the idea of imminent cataclysm is a popular read nowadays. The issue ...
A look back at 2008 - Danbury News-TimesIn a year that brought about profound change in the nation's future leadership, a year marked by United States involvement in two draining wars, a year that witnessed the deaths of Nobel Prize-winning authors and Oscar-winning actors, it would be ...
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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