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Mortgage Rates Fall Below 6%

Mortgage Rates Fall Below 6%

This is a discussion on Mortgage Rates Fall Below 6% within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Mortgage rates slipped below 6% percent today—posting their first decline in more than 3 weeks. Analysts say the dip came ...

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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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10-11-2008, 04:33 PM

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Mortgage Rates Fall Below 6%

Mortgage rates slipped below 6% percent today—posting their first decline in more than 3 weeks. Analysts say the dip came as investors turned to the safety of Treasury bonds. The increase in investments there caused yields to fall on b.../b

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