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New York housing shines - for now - CNN Money
NEW YORK (Fortune) -- At a time when most housing markets continue to sour, the Big Apple remains in a relative sweet spot. Whether it can stay there may go a long way toward determining how much longer the economy remains in a funk. Numbers released ...

Good news for Denver-area housing market - Rocky Mountain News
The Denver area housing market showed the most appreciation of 20 metropolitan areas tracked by the closely watched S&P/Case-Shiller Home Price Indices from May to June. The Denver area showed a 1.5 percent gain in that period. Boston, with a 1.2 ...

Kohlberg Kravis Roberts favourite to bid for key Lehman Brothers ... - Times Online
Dick Fuld, the chairman and chief executive of Lehman Brothers, is seeking to complete a crucial deal for the Wall Street bank within three weeks as Kohlberg Kravis Roberts (KKR), the private equity group, emerged as favourite to bid for the bank's ...

Auto Club predicts more homebodies over Labor Day - Riverside Press Enterprise
High gasoline prices won't keep Colin Wilson, of Corona, cooped up this weekend. Wilson, 26, the webmaster for a small Riverside mortgage company, spends his work day in a cubicle, so he prefers to spend his holidays someplace with a better view. "We ...

More US banks failing, FDIC says - Montgomery Advertiser
WASHINGTON -- The num­ber of troubled U.S. banks leap­ed to the highest level in about five years and bank profits plunged by 86 percent in the sec­ond quarter, as slumps in the housing and credit markets con­tinued. Federal Deposit Insurance ...

Program seeks to keep 'em in Glassboro - Bridgeton News
GLASSBORO People who work in Glassboro may soon be able to apply for low-interest mortgage loans to buy homes here Ð part of a state program that is being adopted by other communities throughout New Jersey. The borough council approved a resolution ...

Feds: Area home prices flat in 2Q - Dayton Daily News
Home prices in metro Dayton stayed flat during the second quarter while they fell in other major Ohio cities, a federal agency said Tuesday, Aug. 26. Prices for single-family homes in the Dayton metropolitan statistical area grew 0.25 percent during ...

U.S. Preview: New Home Sales to Fall Modestly in July - Economicnews
(CEP News) - Following a June report that suggested some stabilization in the housing market, economists are expecting July's New Home Sales Index to fall modestly by 0.9% to an annualized sales pace of 525k. The Census Bureau report has fallen in ...

Winners' bracket finals set - Monroe Evening News
Pete's Garage/Boyd's Trucking and Friendly Ford each won a pair of games Tuesday night to move into the winners' bracket finals in the Monroe Men's Postseason Softball Tournament at Munson Park. Pete's/Boyd's scored three times in the bottom of the ...

Trade show focuses on selling houses in a harsh business climate - Frederick News-Post
Lynnfield Event Complex was filled with the Frederick County Association of Realtors Trade Show on Tuesday, which saw about 250 attendees. Despite a challenging real estate market, nearly 250 visitors attended the annual Frederick County Association ...

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Biscoe Candor Ether Mount Gilead Star Troy

Today's Mortgage Terms starting with D

  • Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
  • Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
  • Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
  • Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
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