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AP News in Brief - International Herald TribuneTropical Storm Hanna roars ashore near Carolinas border at start of wet run up East Coast MYRTLE BEACH, S.C. (AP) — Tropical Storm Hanna buffeted predawn tourist beaches on the North-South Carolina border Saturday at the start of a run up the ...
Sarah Palin to campaign in Virginia Beach on Sept. 18 - HamptonRoads.comSarah Palin, the Republican vice presidential candidate, will campaign in Virginia Beach on Sept. 18. Attorney General Bob McDonnell made the announcement during a telephoned news conference from the Republican National Convention in St. Paul, Minn ...
Florida couple turns food talk into board game - PantagraphMIAMI -- Eric and Monica Ash moved to northwest Broward, Fla., from Alexandria, Va., in May with a newborn, a toddler and no regular paychecks to cover the mortgage or employers to subsidize the health insurance. Eric says they're living a dream. It ...
Summer Olympics - Star News OnlineSponsored by: Hanna could only keep residents from the beach for so long. By 10:30 a.m., residents were out walking their dogs and couples strolled along the surf hand-in-hand. Oceanfront property owners began removing their hurricane shutters and ...
September August July June May April March February January 2007 - Nypress.comComing off their best-ever season and being ranked in the preseason polls for the first time in their history, it wouldn’t have surprised anyone if the No. 12 Rutgers Scarlet Knights came out a little overconfident versus lowly University of ...
Southern women (and men) know Palin - Atlanta Journal ConstitutionSouthern women — and the men who love them — will identify instantly with Alaska Gov. Sarah Palin. Her speech last night was brutally effective. Democrats do not know how to react today. They’re stumbling all over the place trying to construct ...
McCain tells convention, nation he'll bring change - ksl.comGov. Sarah Palin on Wednesday revealed an audio recording that shows an aide pressuring the Public Safety Department to fire a state trooper embroiled in a custody battle with her sister. Palin, who has previously said her administration didn’t ...
September 2008 - Posts - MSNBC FirstreadWILMINGTON, Del. -- With Cheney -esque stealth, Biden made a surprise appearance this morning at the Constitutional law class he had been scheduled to teach before his selection as Barack Obama's running mate. The campaign had not publicly announced ...
Raising Arizona - McCain's backyard bid to beat Obama - ScotsmanAT AROUND seven in the evening, the desert rocks begin to glow a bright crimson and the setting sun splays distended shadows across the baked earth. "This is where the power spot is strongest," says Hugh Hoglan. "Put your hands around the earth ball ...
Misadventures in Atlanta - AccessAtlantaIn the 12 years since her parents allowed her first date, Blanca has dated, and dated, and dated. And she's single, tired, but not completely without hope. I admit it, maybe I’m fickle. I want an affectionate man, but I worry when said sweets come ...

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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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