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Mortgage Interest Rates Decline

Mortgage Interest Rates Decline

This is a discussion on Mortgage Interest Rates Decline within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Average US 30-year, fixed-rate bmortgage/b interest rates declined to 6.14 percent compared to 6.20 percent the previous week, United Press ...

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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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11-14-2008, 10:55 PM

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Mortgage Interest Rates Decline

Average US 30-year, fixed-rate bmortgage/b interest rates declined to 6.14 percent compared to 6.20 percent the previous week, United Press International (UPI) reported November 14, 2008. The data comes from Freddie Mac. b.../b

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