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New Habitat for Humanity home dedicated in Port Angeles - Peninsula Daily NewsCarolyn Diewold, left, excitedly waves her newly acquired house keys in the air Sunday during the dedication ceremony. At right is Diewold's daughter, Cassidy, and Habitat for Humanity of Clallam County board member Lou Templeton, who handed Diewold ...
TBD tax hike defeated by 61 votes in final count - Sequim GazetteThe Sequim Transportation Benefit District’s proposed two-tenths of 1 percent sales tax increase appeared to be defeated Wednesday afternoon after leading by a six-vote margin following the Nov. 7 ballot count. Wednesday’s tally of 4,200 ballots ...
Dispute over Gateway-area property goes to court Friday - Peninsula Daily NewsPORT ANGELES -- A portion of a dispute between Clallam Transit and the owner of two parcels that are now part of the Gateway International Transportation Center in Port Angeles will play out in Jefferson County on Friday. The dispute is over just ...
Murray speaks on bailout, education, veterans services - Peninsula Daily NewsPORT ANGELES -- Backing the $700 billion bailout bill was the most hated vote in U.S. Sen. Patty Murray's career, the Freeland Democrat said Wednesday. "My first gut reaction was to slap Wall Street," Washington's senior senator told the Port Angeles ...

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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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