RECENT NEWS  Apr 18  Comment 
The bank could be starting a price war with its 1.99% deal – but a deposit of 40% is required One of the country’s biggest lenders has launched the latest salvo in what could become a new mortgage price war by releasing the first ever...
MarketWatch  Apr 16  Comment 
Mortgage rates inched up last week, with the benchmark 30-year fixed-rate mortgage up to 3.67% in the week ending April 16 from 3.66%, Freddie Mac said Thursday. The 15-year averaged 2.94%, up from 2.93%, and the 5-year Treasury-indexed...
Benzinga  Apr 14  Comment 
The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.58 percent, up three basis points from this time last week. The 30-year fixed mortgage rate rose throughout the week before dipping to the current rate on Tuesday. "Rates...
Wall Street Journal  Apr 13  Comment 
Debt-saddled Mexican homebuilder Desarrolladora Homex said it is back in the good graces of Mexican mortgage institution Infonavit, which extends the majority of home loans in Mexico.
Motley Fool  Apr 11  Comment 
A mortgage is essentially an agreement between a borrower and a bank, where the bank lends money to the borrower for the purpose of buying a home.
Motley Fool  Apr 11  Comment 
Available to eligible veterans and to some spouses, VA loans have a number of features that can make them preferable to other types of mortgages.
Motley Fool  Apr 10  Comment 
For most people, a mortgage is the biggest debt they'll ever have to repay. If you're able to, it’s worth considering whether or not you should pay off your mortgage early.
Yahoo  Apr 10  Comment 
U.S. bank earnings likely got a lift from mortgage lending in the first quarter, as lower rates spurred a surge in applications to refinance home loans, one of several glimmers of hope for a sector that has lately struggled with weak growth. Most...
MarketWatch  Apr 9  Comment 
After last week's disappointing jobs report, mortgage rates fell further, mortgage giant Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 3.66% in the week ending April 9, down from 3.70%. The 15-year fixed-rate mortgage...


A mortgage is a method of using property (real or personal) as security for the performance of an obligation, usually the payment of a debt.

The term <a href=">mortgage</a> refers to the legal device used for this purpose, but it is also commonly used to refer to the debt secured by the mortgage, the mortgage loan. With the advent of the mortgage backed securities, the market for mortgage loan has been growing quickly and is estimated as large as the Treasury debt market.

In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than other property (such as ships) and in some cases only land may be mortgaged. Arranging a mortgage is seen as the standard method by which individuals and businesses can purchase residential and commercial real estate without the need to pay the full value immediately.

The interest rate required of a mortgage is determined by the credit rating of the borrower -- most often divided into prime and subprime mortgage. It may also be related to the strategy of the lender in that, depending on growth targets and competition, the lender may offer more competitive rates.

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