RECENT NEWS  4 hrs ago  Comment 
LONDON (dpa-AFX) - British mortgage lending is likely to dip in next month or two but conditions are still in place for mortgage approvals to rise to the end of the year, Hansen Lu, a property economist at Capital Economics, said. Data published...
Financial Times  Apr 29  Comment 
As a typical millennial who cannot afford a UK home, I want to buy in Italy  Apr 29  Comment 
LONDON (dpa-AFX) - The U.K. mortgage approvals declined to a 3-month low in March, while secured lending and consumer credit expanded strongly, the Bank of England reported Friday. The number of mortgages approved in March fell unexpectedly to...
Forbes  Apr 28  Comment 
Mortgage rates posted their biggest weekly jump since November, pushing the average cost of a 30-year loan to 3.66 percent as the Federal Reserve wrapped up its April meeting. While rates are at their highest since March, home loans are cheaper...
Clusterstock  Apr 28  Comment 
LendInvest, an online platform for financing short-term mortgages, has signed a warehouse financing deal with Australian investment bank Macquarie. The deal gives LendInvest access to over £40 million to fund mortgages with. LendInvest's online...
Wall Street Journal  Apr 26  Comment 
U.S. banks are making more mortgage loans, and keeping the biggest mortgages on their books.  Apr 26  Comment 
LONDON (dpa-AFX) - Home loan approvals unexpectedly declined for a second straight month in March to their lowest level in three months, figures from the British Bankers' Association showed Tuesday. The number of loans approved for house...
MarketWatch  Apr 22  Comment 
Americans are paying their mortgages on time in ever greater numbers.
Forbes  Apr 21  Comment 
Mortgage rates held near their recent lows this week, with 30-year, fixed-rate loans averaging 3.59 percent. Last week, the average rate was 3.58 percent. A year ago it was 3.65 percent, according toFreddie Mac.


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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