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Mortgage Market and Rate Recap - Week of September 1st

Mortgage Market and Rate Recap - Week of September 1st

This is a discussion on Mortgage Market and Rate Recap - Week of September 1st within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; That’s about what we’re looking at. At the end of the week, we were roughly .125% better in rates overall. ...

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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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09-08-2008, 01:42 AM

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Mortgage Market and Rate Recap - Week of September 1st

That’s about what we’re looking at. At the end of the week, we were roughly .125% better in rates overall. Depending on what time of the week you looked into mortgage rates, it could have been much better than that. ...

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1st, market, mortgage, rate, recap, september, week

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