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Long and Short Term Mortgage Rates Reverse Trend and Rise This Week

Long and Short Term Mortgage Rates Reverse Trend and Rise This Week

This is a discussion on Long and Short Term Mortgage Rates Reverse Trend and Rise This Week within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Freddie Mac released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage averaged 6.11 percent ...

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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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12-20-2007, 05:53 AM

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Long and Short Term Mortgage Rates Reverse Trend and Rise This Week

Freddie Mac released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage averaged 6.11 percent with an average 0.5 point for the week ending December 13, 2007, up from last week when it averaged ...

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