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A Fine Blog: Mortgage Rates Drop Almost 1 Point In One Day On

A Fine Blog: Mortgage Rates Drop Almost 1 Point In One Day On

This is a discussion on A Fine Blog: Mortgage Rates Drop Almost 1 Point In One Day On within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; $7.7 Trillion later, it looks like the Fed and Treasury have finally done something to lower bmortgage/b rates. Yesterday's $800 ...

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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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11-26-2008, 01:08 PM

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A Fine Blog: Mortgage Rates Drop Almost 1 Point In One Day On ...

$7.7 Trillion later, it looks like the Fed and Treasury have finally done something to lower bmortgage/b rates. Yesterday's $800 Billion plan aimed at "consumers" funnels $600 Billion to Fannie Mae and Freddie Mac to buy up debt. b.../b

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(Source: Google Blog Search)

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