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Mortgage Rates are Drifting and Applications Trend Down

Mortgage Rates are Drifting and Applications Trend Down

This is a discussion on Mortgage Rates are Drifting and Applications Trend Down within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; the results of Freddie Mac’s Primary Mortgage Market Survey. The survey found that the 30-year fixed-rate mortgage (FRM) averaged 5.67 ...

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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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02-15-2008, 11:20 PM

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Mortgage Rates are Drifting and Applications Trend Down

the results of Freddie Mac’s Primary Mortgage Market Survey. The survey found that the 30-year fixed-rate mortgage (FRM) averaged 5.67 percent with 0.4 point for the week. Mortgage originations were down a bit from the ...

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