Mortgage

RECENT NEWS
MarketWatch  Jul 14  Comment 
Brexit could add to the gloom facing bank and nonbank mortgage servicers, says Fitch.
Financial Times  Jul 14  Comment 
Half of UK borrowers have floating rate deals, but impact of any cut likely to be modest
SeekingAlpha  Jul 13  Comment 
New York Times  Jul 12  Comment 
Homeowners can thank British voters and global central banks for lower rates, but so far lenders haven’t fully passed on falling rates to borrowers.
Financial Times  Jul 11  Comment 
Share prices are inferring disaster rather than downturn
MarketWatch  Jul 9  Comment 
If the difference between the 30-year mortgage rate and the 10-year Treasury yield were at its average level for the previous 10 years, the average mortgage would be 3.17%, not 3.41%.




 
TOP CONTRIBUTORS

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.

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