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Interest Rates » When to Lock Your Mortgage Interest Rate- RE/MAX

Interest Rates » When to Lock Your Mortgage Interest Rate- RE/MAX

This is a discussion on Interest Rates » When to Lock Your Mortgage Interest Rate- RE/MAX within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; In fact many times when the Federal Funds Rate is dropped long term interest rates rise. The Federal Funds Rate ...

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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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11-24-2008, 05:26 PM

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Interest Rates » When to Lock Your Mortgage Interest Rate- RE/MAX ...

In fact many times when the Federal Funds Rate is dropped long term interest rates rise. The Federal Funds Rate is more closely tied to the adjustable rate bmortgage/b. For a complete explanation of how this works see The Federal Funds … b.../b

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