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A Rush Into Refinancing as Mortgage Rates Fall \| Business Finance

A Rush Into Refinancing as Mortgage Rates Fall | Business Finance

This is a discussion on A Rush Into Refinancing as Mortgage Rates Fall | Business Finance within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Rates on 30-year bmortgages/b sank for a fourth straight week, falling below 6 percent for the first time since early ...

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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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12-04-2008, 03:55 AM

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A Rush Into Refinancing as Mortgage Rates Fall | Business Finance ...

Rates on 30-year bmortgages/b sank for a fourth straight week, falling below 6 percent for the first time since early October, and are heading lower due to the government's massive new effort to. b.../b

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business, fall, finance, mortgage, rates, refinancing, rush

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