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Mortgage rates improveThis is a discussion on Mortgage rates improve within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Mortgage rates dropped again this week, falling to six point one four percent. According to the AP, the drops are ... |
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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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Mortgage rates dropped again this week, falling to six point one four percent. According to the AP, the drops are indicative of the recent impact the economy has suffered. Mortgage giant Freddie Mac reports that these drops are coming b.../b
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i think,
Mortgage rates took a second step in the right direction 7-april-2010 after the Treasury Department reported strong demand at the 10 year Treasury note auction |
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| improve, mortgage, rates |
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