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Obama: So far so good - Napa Valley Register
With the appointment of Christine Romer to head up his council of Economic Advisors, the key person to advise the President on economic policy, Obama has put in place an economic team that consists of centrists if not right of center policy makers ...

Joe the Plumber - Napa Valley Register
The real reason this story has resonance is due to the fact that Obama used the phrase "spread the wealth around.” In doing so, he portrayed a view of economics that conservatives are roundly against, wealth redistribution to make things "fairer ...

Deena Winter: Mayor says Phase 2 will have to wait - Lincoln Journal Star
Mayor Chris Beutler says he will push the pause button once the first phase of the city’s Antelope Valley Project is done in about three years. In a guest column in the Sunday Journal Star , Beutler laid out positive and negative lessons learned ...

N.H. Senate candidates face first debate - Portsmouth Herald
CONWAY — The first debate between Republican Sen. John Sununu and Democrat Jeanne Shaheen was as much about the candidates' pasts as their plans for the future. The candidates certainly have a shared past — they ran against each other in 2002 ...

The Robot From "Lost in Space" Is Homeless - TMZ.com
The robot from "Lost in Space" has lost his place! Bob May, who played the robot from "Lost in Space", lost his home and everything in it during the recent fires in Southern California. A rep for the fixed-income actor says, "Along with his home, he ...

Matter of Record, November 17 - Wichita Falls Times Record News
Jo Nash vs. Kelly Wilson, 2131 Ave. F, $200,000.00, V3305 P885. Gary Writtenhouse vs. Jeff Prine, 1511 Nunneley Pl., #5, $1,248.37, V3306 P576. Workman, Tammy Michele, Wichita County, Chapter 7, Date Filed Oct. 29, Case No. 08-70448. Frazier, Phillip ...

California budget in free-fall as new round of cuts is proposed - World Socialist Web Site
In what is becoming a permanent feature of California politics, the state again faces a multibillion-dollar budget deficit. The latest projections put the state more than $28 billion in the red at the close of fiscal year 2009-2010. Governor Arnold ...

Immigrants face growing economic mobility gap - Globe and Mail
A TK from Canada writes: The decrease in performance of some groups compared to their success rates upon arrival shows that, to me, ethnicity matters less than community. Bravo to those people who arrive, work hard, and build successful futures for ...

Romei Trial, Day 4 - KBTX.com
The first week of testimony is complete in the trial of former Arts Council director P. David Romei, who faces felony theft and misappropriation charges. The one and only witness in a short day for the trial Friday was Bryan Schwartz, the state's ...

Matter of Record, October 27 - Wichita Falls Times Record News
Marten Properties vs. John Bush/all other occupants, 1804 Woodrow, $1,930.00, V3300 P688. Larry’s Pool Service vs. Jerry Flesner, 100 N. Bell, Iowa Park, $944.81, V3300 P475. Fairlane Credit vs. James Lovern, 1018 Jan Dr., Burk, $13,920.80, V3299 ...

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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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