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After Steep Rise, Mortgage Rates Fall

After Steep Rise, Mortgage Rates Fall

This is a discussion on After Steep Rise, Mortgage Rates Fall within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Only one week after their largest jump in 21 years, bmortgage/b rates took a dive. The benchmark 30-year fixed rate ...

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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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10-27-2008, 09:01 PM

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After Steep Rise, Mortgage Rates Fall

Only one week after their largest jump in 21 years, bmortgage/b rates took a dive. The benchmark 30-year fixed rate fell 42 basis points this week to 6.32 percent according to Bankrate.com. The benchmark 15-year fixed-rate bmortgage/b fell 47 b.../b

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fall, mortgage, rates, rise, steep

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