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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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W
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Term
Definition
Wainscoting
Wood paneling, tongue-and-groove boards or similar material installed between a baseboard and a chair rail.
Waiver
A voluntary relinquishing of certain rights or claims.
Walk-out basement
A feature that allows a door to open onto ground level.
Walk-through
A buyer's final inspection of the home to determine if conditions in the purchase agreement have been satisfied.
Warranty
A legally binding promise to do something in the future.
Wetlands
Watery areas as swamps, marshes and floodplains.
Wild deed
An improperly recorded deed.
Will
The most basic legal document outlining the disposition of a person's estate in the event of death.
Window light
An individual pane of glass.
Window seat
A bench built under an interior window.
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