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Mortgage Market Update: WE NEED LIQUIDITY!!This is a discussion on Mortgage Market Update: WE NEED LIQUIDITY!! within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Rates are stable from Friday's close, currently at around 6.25% on 30 Year Fixed Conforming mortgages and a whopping 7.875% ... |
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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, 07:50 PM
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Mortgage Market Update: WE NEED LIQUIDITY!!
Rates are stable from Friday's close, currently at around 6.25% on 30 Year Fixed Conforming mortgages and a whopping 7.875% on JUMBO 5/1 ARM's. While the DOW is down close to 450 points due to the rejection of the much anticipated ...
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| liquidity, market, mortgage, update |
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