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Even sex can't sell in this economy - Boston GlobeWELLS, Nev. - The women at Donna's Ranch are crowded around the kitchen table griping about depleted bank accounts. At this northeastern Nevada bordello, they woo grizzled truckers and weary travelers for a single reason: money. Lately, the women don ...
Bernanke: lower interest rates are 'feasible' - Tacoma News TribuneWASHINGTON -- 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 next year. The Fed ...
Treasurys extend gains amid investor worries - Tacoma News TribuneNEW YORK -- Yields on U.S. government debt touched fresh lows again Tuesday as investors, worried about the economy and the ongoing volatility in stocks, again sought out the safest investments. Yields, which move opposite their price, fell to record ...
Rate portfolio before paying off mortgage - Baltimore SunQ: Should we pay off our mortgage? We have five years and $40,000 to pay down at a mortgage rate of 4.7 percent. The monthly payment is $675. We are both 67 and retired with a monthly income between Social Security and pensions of around $4,300. We ...
Local Video - KING5 Seattle - Yahoo NewsAmid all the bad news on the job front, economists say there are still things to be cheerful about. KING 5's Jane McCarthy reports. List of proposed Seattle school closures grows KING5 Seattle - 57 minutes ago Parents packed a Seattle School Board ...
NEW State banks lag behind industry indicators - Yakima Herald RepublicLinks SEATTLE -- Washington's economy may be doing better than the nation as a whole, but the banks based here are not. Although Washington state doesn't have the plummeting home values or mass foreclosures that have stunned Florida and California ...
Washington banks trail industry in key indicators - Seattle TimesSterling Savings is among six Washington — based banks so far that have received capital infusions from the U.S. Treasury. This is the one on 4th and Union in downtown Seattle. Washington's economy may be doing better than the nation as a whole ...
Auto sales plunge; industry on the ropes - San Jose Mercury NewsSales numbers released Tuesday confirm the U.S. auto industry has hit its roughest stretch of road in at least two decades, with the effects felt from the Motor City to Mountain View. As the chief executives of the Big Three American automakers head ...
Dems Give White House Ultimatum on Auto Bailout - ABC News BlogsABC News' Z. Byron Wolf Reports: Democrats sent a clear message to the White House tonight - make some of the $700 financial industry bailout money available to the domestic auto industry or else. And they want an answer by Friday. Auto makers ...
Fred Russell case may spur tougher drunk-driving penalties - Spokane Spokesman-ReviewFred Russell may be sitting in a cell, but his name’s popping up frequently in Olympia, where state lawmakers are weighing changes to catch drunken drivers and toughening the sentences for those who kill. “We will tell people once and for all ...
Today's Mortgage Terms starting with D
Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
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