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Report: Vermont housing got more affordable in 2009 - BurlingtonFreePress.comReport: Vermont housing got more affordable in 2009BurlingtonFreePress.com... and mortgage rates. Art Woolf, of Westford, who conducted the analysis, said Wednesday that in his 22 years tracking housing affordability in Vermont, ...and more »
Money rates rising signals Treasury losses as Fed prepares exit - Sydney Morning HeraldMoney rates rising signals Treasury losses as Fed prepares exitSydney Morning HeraldMoney market interest rates at five-month highs show the Federal Reserve is laying the groundwork to siphon a record $US1 trillion in excess cash from the ...and more »
WCAX.COM Local Vermont News, Weather and Sports-Borrowers wait for answers on ... - WCAXWCAX.COM Local Vermont News, Weather and Sports-Borrowers wait for answers on ...WCAXThe program is designed to lower borrowers' monthly payments by reducing mortgage rates to as low as 2 percent for five years and extending loan terms to as ...and more »
Freddie Mac Announces Home Prices Fell 0.4 Percent in 2009 - HULIQFreddie Mac Announces Home Prices Fell 0.4 Percent in 2009HULIQ"Mortgage rates on 30-year fixed-rate loans hit an all-time low in Freddie Mac's Primary Mortgage Market Survey® in December and averaged 4.9 percent over ...and more »
Who Is Next? - Cape Cod Today (blog)Who Is Next?Cape Cod Today (blog)Foreclosures are a huge problem in Nevada and Florida, a significant one in Arizona, California, Illinois, Michigan and Vermont, and a disturbing aspect of ...
LPS Study Finds Pace of Delinquencies Is Slowing - DSNews.comDSNews.comLPS Study Finds Pace of Delinquencies Is SlowingDSNews.comNationwide, LPS' data shows that the mortgage delinquency rate is 10.2 percent. Add to that the national foreclosure inventory rate of 3.3 percent, ...and more »
Happy 60th, McCue - New Britain HeraldHappy 60th, McCueNew Britain HeraldWhat will happen after that in the mortgage business? BILL: There'll still be low interest rates. Even if they go up it won't be by much. ...and more »
Cantwell's relentless pursuit: taming big finance - Seattle TimesSeattle TimesCantwell's relentless pursuit: taming big financeSeattle TimesCredit default swaps: A form of insurance that promises payment to investors in mortgage securities and other bonds if the borrower defaults. ...and more »
REFILE-Red-hot US bond market masks classic investor trap - ReutersREFILE-Red-hot US bond market masks classic investor trapReutersJane Caron, chief economic strategist at Dwight Asset Management Co in Burlington, Vermont, which oversees $68.8 billion in fixed-income assets, ...and more »
Despite deregulation, state ranks 2nd in nation for highest electric bills - Waterbury Republican AmericanDespite deregulation, state ranks 2nd in nation for highest electric billsWaterbury Republican AmericanThe report notes that Connecticut's rates are higher than those in Vermont, which did not deregulate, and those charged by the state's six municipal ...and more »

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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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