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Real Estate Blog - Average Mortgage Interest Rates Take a

Real Estate Blog - Average Mortgage Interest Rates Take a

This is a discussion on Real Estate Blog - Average Mortgage Interest Rates Take a within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Today 12/04/08, Freddie Mac reported that the average bmortgage/b interest rate for 30 year fixed-rate bmortgages/b was 5.53% (5.48% in ...

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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, 11:36 PM

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Real Estate Blog - Average Mortgage Interest Rates Take a ...

Today 12/04/08, Freddie Mac reported that the average bmortgage/b interest rate for 30 year fixed-rate bmortgages/b was 5.53% (5.48% in the southeast), down sharply from 5.97% a week ago. The average interest rate for 15 year fixed-rate b.../b

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