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Real Estate Blog - Mortgage Rates at 4.5%?!?!

Real Estate Blog - Mortgage Rates at 4.5%?!?!

This is a discussion on Real Estate Blog - Mortgage Rates at 4.5%?!?! within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Mirela Monte, Your Myrtle Beach Real Estate Connection Via John Jones:As early as next week, we may see 30 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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12-05-2008, 05:36 AM

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Real Estate Blog - Mortgage Rates at 4.5%?!?!

Mirela Monte, Your Myrtle Beach Real Estate Connection Via John Jones:As early as next week, we may see 30 year bmortgage/b rates as low as 4.5%! As we speak, the US Treasury is evaluating different proposals and,

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