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Mortgage

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Mortgage rates near 4% barrier
CNNMoney.com  6 hrs ago  Comment 
Read full story for latest details.
Mortgage Rates in U.S. Rise for Sixth Week With 30-Year at 3.98%
Bloomberg  6 hrs ago  Comment 
30-year mortgage rate highest in more than a year
MarketWatch  6 hrs ago  Comment 
After taking out a second mortgage and nine months of planning, jellyfish ends Chloe's record-breaking swim attempt
Sydney Morning Herald  Jun 13  Comment 
Australian endurance swimmer Chloe McCardel has ended her attempt to swim from Cuba to the US after suffering a "severe debilitating jellyfish sting".     
The case for locking in your mortgage
The Globe and Mail  Jun 12  Comment 
With all the economic shakiness in the world, lower variable rates may be in the cards, but fixed rates this low are too good to ignore
[$] Banks Walk on Mortgage Balance Beam
Wall Street Journal  Jun 12  Comment 
Handoffs can always lead to fumbles. With interest rates rising, that is a concern for both the housing-finance market and banks.
The End Of The Great Mortgage Trade?
Forbes  Jun 12  Comment 
Deepak Narula might not seem like a rock star, but he has been one on Wall Street. The son of an Indian diplomat who studied electrical engineering at the Indian Institute of Technology and learned about mortgage-backed securities at Columbia...
12 States Where Homeowners Are Drowning In Negative Equity
Clusterstock  Jun 12  Comment 
In the first quarter of 2013, 9.7 million or 19.8% of all residential properties with a mortgage were still in negative equity, according to CoreLogic's latest negative equity report. Homeowners are in negative equity when they owe more on their...
This Family May Have Gone Too Far To Pay Off Their Mortgage Early
Clusterstock  Jun 12  Comment 
When we came across Yahoo Finance contributor Adam Hatter's story about his family's five-year triumph over their mortgage debt, we couldn't help but wince. On the one hand, Hatter and his wife's success is something to marvel at. They...
Raise Your Hand If You Just Locked In The Mortgage Deal Of Your Life
Clusterstock  Jun 12  Comment 
On timing in investments and personal finance, as it relates to my home mortgage Did you see the front page of the Wall Street Journal today?  Yeah, that graph that showed 10-year bond yields up 0.5% in the past two months?  Oh boy that made...
Underwater mortgage percentage falls below 20%
MarketWatch  Jun 12  Comment 
The percentage of all residential mortgages that are in negative equity, or "underwater" or "upside down," at the end of the first quarter fell to 19.8%, or 9.7 million, CoreLogic said Wednesday. That's down from 21.7% at the end of the fourth...
MBA Mortgage Applications 5% vs -11.5% Prior
StreetInsider.com  Jun 12  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Economic+Data/MBA+Mortgage+Applications+5%25+vs+-11.5%25+Prior/8408229.html for the full story.
In the U.S., the weekly MBA mortgage applications are due
FX Street  Jun 12  Comment 




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This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.
 
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Stephen Lihn

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="http://www.bankrate.com/>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.

People normally pay me for this and you are giivng it away!

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