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Bankrate: Fixed mortgage rates rise

Bankrate: Fixed mortgage rates rise

This is a discussion on Bankrate: Fixed mortgage rates rise within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; NEW YORK (MarketWatch) — Fixed mortgage rates rebounded in the past week, according to Bankrate Inc.’s survey released Thursday. The ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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05-29-2008, 01:41 PM

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Bankrate: Fixed mortgage rates rise

NEW YORK (MarketWatch) — Fixed mortgage rates rebounded in the past week, according to Bankrate Inc.’s survey released Thursday. The average conforming 30-year fixed mortgage rate rose to 6.20% from 6.02% a week ago, while the average ...

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