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Fixed mortgage rates rise, adjustable rates fall

Fixed mortgage rates rise, adjustable rates fall

This is a discussion on Fixed mortgage rates rise, adjustable rates fall within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Long-term fixed mortgage rates return to January levels; average adjustable-rate mortgage rates slightly lower than earlier this year, says Freddie ...

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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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02-22-2008, 06:10 PM

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Fixed mortgage rates rise, adjustable rates fall

Long-term fixed mortgage rates return to January levels; average adjustable-rate mortgage rates slightly lower than earlier this year, says Freddie Mac.

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adjustable, fall, fixed, mortgage, rates, rise

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