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Mortgage Rates Decline on Spending, Jobs Fears

Mortgage Rates Decline on Spending, Jobs Fears

This is a discussion on Mortgage Rates Decline on Spending, Jobs Fears within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; pAccording to the strongPrimary Mortgage Market Survey/strong conducted by Freddie Mac, bmortgage/b interest rates dropped sharply this week following three ...

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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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11-08-2008, 01:31 AM

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Mortgage Rates Decline on Spending, Jobs Fears

pAccording to the strongPrimary Mortgage Market Survey/strong conducted by Freddie Mac, bmortgage/b interest rates dropped sharply this week following three weeks where long term rate rose and fell and rose b.../b

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decline, fears, jobs, mortgage, rates, spending

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