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US Mortgage Rates Rise: Applications fallThis is a discussion on US Mortgage Rates Rise: Applications fall within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; According to the Mortgage bankers Association, Mortgage applications in America that were filed last week tumbled a seasonally adjusted 20.3 ... |
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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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11-05-2008, 04:06 PM
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US Mortgage Rates Rise: Applications fall
According to the Mortgage bankers Association, Mortgage applications in America that were filed last week tumbled a seasonally adjusted 20.3 percent compared to the week before, this was due to the rates on fixed rate bmortgages/b b.../b
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| applications, fall, mortgage, rates, rise |
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