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Cheap energy pushes inflation down - Prince Rupert
OTTAWA - Canada's annual rate of inflation eased to 2.6 per cent in October from 3.4 per cent the previous month as cheaper energy costs offset the impact of higher food prices, Statistics Canada said Friday. Most economist had expected the consumer ...

First-time buyers' hopes dashed again as below-5% deals finally hit ... - Guardian Unlimited
This week saw a flurry of new fixed-rate and tracker mortgage deals priced at below 5% - but there was little cheer for first-time buyers, because the best deals are reserved for those able to stump up a whopping 40% deposit. Britain's banks and ...

Inflation expected to be down in Canada, U.S. - Prince Rupert
OTTAWA - At the end of the coming week, the Bank of Canada will get an idea of how low it can go with interest rate cuts to stimulate the domestic economy, with the release of the October inflation report, while economic reports earlier in the week ...

Archive » 2006 » April - Banker
Hyderabad is India’s fifth largest city and the 36th largest in the world. It is at the forefront of Indian development and fast becoming the country’s IT and biotech hub. It has a glorious history, and a rich culture and architecture. A new bank ...

In the News - Opensecrets.org
Like the Energizer Bunny, Barack Obama's $640-million fundraising machine is still going and going, now soliciting private donations to make the Democrat's transition to the White House as smooth as possible. By setting up a nonprofit corporation ...

Smart Defense - Nation
Last month, Congressman Barney Frank called for a 25 percent cut in the defense budget--approximately $150 billion in annual spending--saying, "We don't need all these fancy new weapons. I think there needs to be additional review." Predictably, the ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. The trial date in the so-called MySpace suicide case is just a couple weeks away. Yesterday morning, the lawyers — Dean Steward for defendant ...

A Clinton Administration? - Nation
No one should be shocked to discover that, in his transition to the presidency, the "inexperienced" former senator from Chicago has turned to the last Democratic administration that had experience in Washington. It seems, however, that the Obama team ...

G20: Good and bad for UK - bbc
Barack Obama said last night that he would do "whatever it takes" to "avoid a deepening recession" and that "we shouldn't worry about the deficit next year or even the year after." This commitment to pull out all the fiscal stops to avoid a slump, in ...

May 4 - May 11 - Dakota Voice
► January 16 - January 23 (1) Fox News is reporting on a new Pulpit Initiative by the Alliance Defense Fund ( ADF ) to challenge the 50-year old restriction on political speech for tax exempt organizations. Conservative legal advocates are ...

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Today's Mortgage Terms starting with A

  • Accrued Interest: Interest earned but has not been paid
  • Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
  • Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
  • Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
  • Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
  • Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
  • Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
  • Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
  • Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.
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