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Salt Lake City Mortgage Market Update for Oct. 23, 2008

Salt Lake City Mortgage Market Update for Oct. 23, 2008

This is a discussion on Salt Lake City Mortgage Market Update for Oct. 23, 2008 within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Stocks are again trading low today, but bmortgage/b bonds are so far this morning remaining above the 200-moving average. Jobless ...

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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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10-23-2008, 04:00 PM

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Salt Lake City Mortgage Market Update for Oct. 23, 2008

Stocks are again trading low today, but bmortgage/b bonds are so far this morning remaining above the 200-moving average. Jobless claims were 478000, and the four week average of continuing claims rose by 44250. Usually this helps bmortgage/b b.../b

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