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Mortgage Rates are…. UP!

Mortgage Rates are…. UP!

This is a discussion on Mortgage Rates are…. UP! within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; For those of you playing roulette trying to game the mortgage interest rate market in light of recent Fed activity ...

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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, 06:50 PM

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Mortgage Rates are…. UP!

For those of you playing roulette trying to game the mortgage interest rate market in light of recent Fed activity let this be a good lesson. The Fed cuts and mortgage interest rates go higher. Don’t be fooled in to believing that the ...

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