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HK shares rise as properties, financials gain - FXStreet.comHONG KONG, Dec 5 (Reuters) - Hong Kong shares rose 2.3 percent on Friday, as Chinese property and financial stocks rallied on talks Beijing may further ease key interest rates and cut reserve requirements on bank deposits to spur the economy. The ...
Low-rate mortgage plan generates hope - AZCentral.comHome builders and industry analysts say a proposal to offer federally subsidized mortgage rates as low as 4.5 percent could go a long way toward reviving the Valley's decimated housing market. Mortgage rates have not been that low for more than a ...
UK's Brown to press banks to cut interest rates - MSN MoneyCentralLONDON (AP) - British Prime Minister Gordon Brown said Friday he will be pressing bankers to pass on lower interest rates to consumers after the Bank of England moved to reduce its key lending rate to the lowest level since 1951. The Bank of England ...
Irish Life Passes ECB Cut, Can't Guarantee Passing On More - FXStreet.comDUBLIN -(Dow Jones)- Irish Life & Permanent PLC (IPM.DB) said Friday it will pass on the European Central Bank's 75-basis-point rate cut to variable and tracker rate mortgage customers from Jan. 2, but warned it can't guarantee passing on more rate ...
Mortgage rates drop - Sun-JournalWASHINGTON (AP) -Rates on 30-year mortgages plunged this week to the lowest level since January after the government launched a sweeping new effort to aid the U.S. housing market. Mortgage finance giant Freddie Mac reported Thursday that average ...
Mortgage lending falls to lowest level since 1986 - Boston GlobeNew figures from the Central Bank show that residential mortgage lending fell to 7.6 per cent in October, the lowest figure since 1986. According to the latest data, the amount of money lent for residential mortgages last month rose by just €26 ...
Sector Snap: Mortgage insurers mostly rise - MSN MoneyCentralFreddie Mac ( FRE ) Stock Quote , Chart , News , Add to Watchlist NEW YORK (AP) - Shares of mortgage insurers mostly rose Thursday, as the Treasury Department weighs new plans to revive the sagging housing market, including potentially lowering ...
Mortgage growth slumps to 22-year low - RTE OnlineFigures from the Central Bank show a dramatic slump in the growth of residential mortgage lending in October. The annual rate of growth in October fell to 7.6%, the lowest figure since 1986. The Central Bank described the mortgage figure as ...
Mortgage rates drop to lowest level since January - Fort Worth Star-TelegramSaginaw woman gets 10 years for role in beating death Blockbuster will roll out 99-cent video rentals in January Food news and notes: Central Market Southlake adds cooking school; holiday events in Colleyville, North Richland Hills and Dallas Dallas ...
Hang onto your hats! (...it's going to be a bumpy year) - IndependentShare Since the end of the currency crisis at the end of January 1993 a whole generation has grown up without knowing hard times. To them, the mass unemployment and emigration, which were such a prominent feature of the 1980s and early 1990s, are so ...
Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
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