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HK stocks close 4.29% lower on mortgage rate hike news

This is a discussion on HK stocks close 4.29% lower on mortgage rate hike news within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; 29 (Xinhua) -- Hong Kong stocks plunged 801.41points, or 4.29 percent, to close at 17880.68 on Monday, as Hong Kong-based ...


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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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Old 09-29-2008, 09:10 PM
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Default HK stocks close 4.29% lower on mortgage rate hike news

29 (Xinhua) -- Hong Kong stocks plunged 801.41points, or 4.29 percent, to close at 17880.68 on Monday, as Hong Kong-based property counters fell more on mortgage-rate hike news. Turnover fell to 54.97 billion HK dollars (7.08......

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