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Weekly Mortgage Rates
30 Year Fixed
5.00 %
15 Year Fixed
4.36 %
1 Year ARM
4.07 %
Freddie Mac Natl. Avg.
Updated 5/6/2010
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Term
Definition
Damper
A movable plate in a fireplacethat allows smoke and fumes to travel up the chimney's flue.
Days on the market
The period of time a property is listed for sale until it is sold or taken off the market
Deadbolt lock
Locks that require a key to open from the outside and a turn button from the inside.
Debt
Any amount one person owes to another.
Deck
A roofless, floored area that adjoins a house.
Deed
The legal document that transfers ownership of a piece of property.
Deed of trust
A document that gives a lender the right to foreclose on a piece of property if the borrower defaults on the loan.
Deep-seal floor drain
A drain used to dispose of water from the basement floor to a sewer line.
Default
The failure to fulfill a duty or promise or discharge an obligation, such as making monthly mortgage payments.
Deferred maintenance
Any repair or maintenance of a piece of property that has been postponed, resulting in a decline in property value.
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