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Mortgage rates fall for 2nd day; won’t help

Mortgage rates fall for 2nd day; won’t help

This is a discussion on Mortgage rates fall for 2nd day; won’t help within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; That drop is what the Federal Reserve was aiming for when it announced a plan Tuesday to buy $600 billion ...

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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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12-03-2008, 02:00 PM

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Mortgage rates fall for 2nd day; won’t help ...

That drop is what the Federal Reserve was aiming for when it announced a plan Tuesday to buy $600 billion in bmortgage/b-related securities in an effort to slow falling home prices and rising foreclosures, while kick starting demand among b.../b

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2nd, day, fall, mortgage, rates, won’t

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