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Lower Mortgage Rates Won’t “Revive” Housing Market

Lower Mortgage Rates Won’t “Revive” Housing Market

This is a discussion on Lower Mortgage Rates Won’t “Revive” Housing Market within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; From CNBC this morning:Lower US bmortgage/b rates lifted demand for bmortgage/b applications last week, a trade group said on Wednesday, ...

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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, 03:41 PM

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Lower Mortgage Rates Won’t “Revive” Housing Market

From CNBC this morning:Lower US bmortgage/b rates lifted demand for bmortgage/b applications last week, a trade group said on Wednesday, and demand should escalate after a new broad-brushed government plan to support the housing markets.

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housing, lower, market, mortgage, rates, won’t, “revive”

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