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Bankrate: Mortgage rates fall further (Market Watch)

Bankrate: Mortgage rates fall further (Market Watch)

This is a discussion on Bankrate: Mortgage rates fall further (Market Watch) within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; NEW YORK (MarketWatch) -- Mortgage rates dipped again this week, with the average 30-year fixed bmortgage/b rate falling from 5.97% ...

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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, 06:59 PM

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Bankrate: Mortgage rates fall further (Market Watch)

NEW YORK (MarketWatch) -- Mortgage rates dipped again this week, with the average 30-year fixed bmortgage/b rate falling from 5.97% to 5.92%, according to Bankrate.com's weekly national survey. The average 15-year fixed rate bmortgage/b b.../b

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