Fort Washington Mortgage Rates and Information Online from competing Lenders

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Mortgage crisis' next stage looms Owners of malls, hotels about to ... - FortWayne.com
WASHINGTON — The full scope of the housing meltdown isn’t clear and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in ...

Construction spending falls by larger than expected amount as building ... - Allentown Morning Call
WASHINGTON (AP) _ Construction spending fell by a larger-than-expected amount in October, another indication that problems facing the builders of homes, hotels and other projects are deepening and likely to persist. The Commerce Department reported ...

Construction spending drops 1.2% - CNN Money
WASHINGTON (AP) -- Construction spending fell by a larger-than-expected amount in October, another indication that problems facing the builders of homes, hotels and other projects are deepening and likely to persist. The Commerce Department reported ...

US construction spending falls - Straits Times
WASHINGTON - CONSTRUCTION spending fell by a larger-than-expected amount in October, another indication the problems facing builders in the form of a sinking economy and severe credit crisis are deepening and likely to persist. The Commerce ...

October construction spending drops 1.2 percent - Deseret News
WASHINGTON — Construction spending fell by a larger-than-expected amount in October, another indication the problems facing builders in the form of a sinking economy and severe credit crisis are deepening and likely to persist. The Commerce ...

DR Horton swings to $800 million loss - Washington Post
In this Feb. 2, 2008 file photo, a D.R. Horton home builder sign in a new development in seen Frisco, Texas. The Fort Worth, Texas-based home builder on Tuesday, Nov. 25, 2008 reported a nearly $800 million loss in its fiscal fourth quarter on slower ...

Washington student seeks help in court - 22 WSBT
Story Updated: Nov 27, 2008 at 1:39 PM EST At Washington High School’s girls basketball game Friday night against Fort Wayne Luers, Jasmine Watson will be there, wearing green. But the senior hoops star will sit behind the Washington team’s bench ...

Bernanke: lower interest rates are "feasible" - Salon
Dec 1st, 2008 | WASHINGTON -- Federal Reserve Chairman Ben Bernanke said Monday that further interest-rate cuts are "certainly feasible," but he warned there are limits to how much such action would revive an economy likely to stay weak well into ...

It's official: US is in recession - Los Angeles Times
WASHINGTON -- A panel of the National Bureau of Economic Research says the U.S. economy fell into a recession last year. The NBER says its group of academic economists who determine business cycles met and decided that the U.S. recession began in ...

First American CoreLogic Releases September 2008 LoanPerformance Home ... - MSN MoneyCentral
SANTA ANA, Calif. , Dec. 1 /PRNewswire-FirstCall/ -- First American CoreLogic, a member of The First American Corporation FAF , America's largest provider of advance property and ownership information, analytics and services, today announced the ...

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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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