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RealClearMarkets - AP - Markets - Dec 03, 2008 - Mortgage

RealClearMarkets - AP - Markets - Dec 03, 2008 - Mortgage

This is a discussion on RealClearMarkets - AP - Markets - Dec 03, 2008 - Mortgage within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The average rate for traditional, 30-year fixed-rate bmortgages/b decreased to 5.47 percent from 5.99 percent. The average rate for 15-year ...

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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, 04:03 PM

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RealClearMarkets - AP - Markets - Dec 03, 2008 - Mortgage ...

The average rate for traditional, 30-year fixed-rate bmortgages/b decreased to 5.47 percent from 5.99 percent. The average rate for 15-year fixed-rate bmortgages/b, often a popular option for refinancing a home, decreased to 5.13 percent from b.../b

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