Consider interest charges daily at close of escrow for mortgages and mortgage refinance loans - 2005-04-01
When borrowers sign their mortgage loan documents and review the costs associated with their new mortgage, two items routinely cause confusion, pre-paid interest (purchases and refinances) and accrued interest (refinances only).

The first concept everyone should understand is that when money is borrowed, there is a daily cost to borrow that money. Using a financial calculator, or just about any calculator for that matter, one can compute the daily interest charge for any loan amount.
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U.S. Economy: Americans' incomes rise solidly - 2005-04-01
Americans' incomes, helped by strong gains in hiring, climbed 0.3 percent in February while consumer spending climbed at an even faster pace of 0.5 percent, the government reported Thursday.

Analysts said the February gains in incomes and spending showed the U.S. economy was being propelled this year by continued strength in employment growth and consumer spending -- which accounts for two-thirds of total economic activity.
Read the full story at BusinessWeek