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US mortgage rates climb and break trend

US mortgage rates climb and break trend

This is a discussion on US mortgage rates climb and break trend within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Thirty-year fixed rate mortgage rates rose in the United States for the first time in five weeks, figures released Thursday ...

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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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01-31-2008, 05:42 PM

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US mortgage rates climb and break trend

Thirty-year fixed rate mortgage rates rose in the United States for the first time in five weeks, figures released Thursday by Freddie Mac indicated.The Primary Mortgage Market Survey results showed 30-year fixed mortgage rates averaged ...

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