Williams Mortgage Rates and Information Online from competing Lenders

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Standard & Poor's cuts rating on Saks - MSN MoneyCentral
NEW YORK (AP) - Standard & Poor's Ratings Services cut its rating for Saks Inc. on Thursday, saying the luxury retailer will likely have a weak fourth quarter as shoppers curtail spending because of the recession. The agency cut its rating on the New ...

Cancer victim gets help with mortgage from Deep Well - Island Packet Online
Maude Williams ran a successful business and was in good health until she developed an aggressive form of cancer. She started chemotherapy, but it made her too sick to work. She quickly went through her savings to pay for treatments. Maude, 55 ...

Outrage at UC, Romero - Sacramento Union
dd the UC Board of Regents and the state Senate majority leader to the list of state government officials who need to be replaced. Two weeks ago, the regents were decrying draconian budget cuts and lamenting the possibility of tuition increases. Yet ...

Mortgage rates pull in borrowers - Raleigh News & Observer
Fed's pledge to buy up debt is 'wonderful gift' for Triangle lenders Many Triangle mortgage lenders were busier in the past two days than they've been in months. The flurry of activity was brought on by the 30-year fixed mortgage rate dropping to 5 ...

Homeowners to get two-year mortgage interest 'holiday' if their income ... - Daily Mail
Homeowners will be spared the threat of repossession under a new government-backed scheme to guarantee mortgages, Gordon Brown announced this afternoon. Under a deal agreed with Britain's eight major lenders, who cover 70 per cent of all mortgages ...

Earnings Preview: Williams-Sonoma - Seekingalpha.com
Williams-Sonoma ( WSM )) is expected to report Q3 earnings before market open Thursday Dec. 4, with a conference call scheduled for 10am ET. Merrill Lynch analyst Alan Rifkin believes the worst of a sales shortfall announcements are behind the ...

Falling house prices helping some Whatcom County residents buy homes - Bellingham Herald
As a global economic storm dominates financial headlines, some Whatcom County residents are still finding affordable ways to borrow money and buy homes as prices moderate. "People who were priced out of the market six months to a year ago are now ...

Couple Won't Lose Home Over $2: Order Dismisses Foreclosure Action - TradingMarkets.com
And they're thankful to the lawyers at the Senior Citizens' Law Office who helped make that happen. Senior Citizens law office executive director Angelica Allen said that an order dismissing the foreclosure action against the couple, who are in their ...

Treasuries Gain a Seventh Day as Investors Bet on Lower Rates - Bloomberg
Dec. 4 (Bloomberg) -- Treasuries climbed for a seventh day, pushing yields to record lows, as reports showed the recession is deepening and Federal Reserve Chairman Ben S. Bernanke said greater efforts are needed to bolster the housing market. The ...

Gordon Brown unveils two-year break for homeowners - Times Online
Homeowners who are struggling to make their monthly mortgage repayments will be given the option of a two-year interest repayment holiday under plans announced by Gordon Brown this afternoon. The prososals, which will come into force in the new year ...

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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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