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Bailout Plans Cause Mortgage Interest Rate Hike

Bailout Plans Cause Mortgage Interest Rate Hike

This is a discussion on Bailout Plans Cause Mortgage Interest Rate Hike within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; “ Mortgage rates followed Treasury bond yields higher this week amid market uncertainty over the current state of the economy,” ...

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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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09-25-2008, 09:57 PM

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Bailout Plans Cause Mortgage Interest Rate Hike

“Mortgage rates followed Treasury bond yields higher this week amid market uncertainty over the current state of the economy,” said Frank Nothaft, Freddie Mac vice president and chief economist. “Compared with last Thursday, ...

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