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Pimco#39;s Gross sees lower US 30Y mortgage rate-CNBC (The Forex Market)

Pimco#39;s Gross sees lower US 30Y mortgage rate-CNBC (The Forex Market)

This is a discussion on Pimco#39;s Gross sees lower US 30Y mortgage rate-CNBC (The Forex Market) within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; "We think the 30-year bmortgage/b rate will come down another 50- to 100 basis points as a result," of the ...

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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, 05:37 AM

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Pimco#39;s Gross sees lower US 30Y mortgage rate-CNBC (The Forex Market)

"We think the 30-year bmortgage/b rate will come down another 50- to 100 basis points as a result," of the government measures, said Bill Gross, chief investment officer of Pacific Investment Management Co. or Pimco, speaking on CNBC b.../b

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30y, forex, gross, lower, market, mortgage, pimco#39s, ratecnbc, sees

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