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Rates rise, mortgage applications fall: MBA - MarketWatch

Rates rise, mortgage applications fall: MBA - MarketWatch

This is a discussion on Rates rise, mortgage applications fall: MBA - MarketWatch within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Rates rise, mortgage applications fall: MBA MarketWatch - Sep 24, 2008 19 from the same week in 2007, down 9.3%, ...

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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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09-29-2008, 03:10 AM

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Rates rise, mortgage applications fall: MBA - MarketWatch

Rates rise, mortgage applications fall: MBA MarketWatch - Sep 24, 2008 19 from the same week in 2007, down 9.3%, according to the Washington-based MBA's weekly survey. The survey covers about half of all US retail residential … ...

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