MarketWatch  Jul 2  Comment 
WASHINGTON -- The average rate for a 30-year fixed-rate mortgage rose to 4.08% in the week that ended July 2, reaching the highest rate since October, from 4.02% in the prior week, according to a Thursday report from federally controlled mortgage...  Jul 2  Comment 
NEW YORK (MainStreet) — The latest data from the Mortgage Bankers Association show mortgage applications plunged almost 5% in the week that ended June 26 while mortgage rates ticked up to their highest level since last October. The decline could...
Clusterstock  Jun 30  Comment 
The on-going crisis in Greece has provoked stark images of ATM queues, crying pensioners and tapped out petrol stations since capital controls were introduced over the weekend. But there's another less obvious financial crisis that's been...  Jun 29  Comment 
NEW YORK (MainStreet) — The biggest piece of debt you're ever going to take on in your life will be a mortgage. All told, Americans have over $8 trillion in mortgage debt. So whether you're buying your first house or your fifth, you should give...  Jun 29  Comment 
LONDON (dpa-AFX) - British mortgage approvals declined unexpectedly in May, data from the Bank of England showed Monday. The number of mortgages approved for house purchases fell to 64,434 from 67,580 in April. It was forecast to rise to...
Financial Times  Jun 29  Comment 
Bank of England figures show approval levels down in May
Forbes  Jun 28  Comment 
Buying a house is often a trial for the self-employed—even for those with very high incomes. With the lending process built around people who have traditional, W-2 jobs, free agents generally need to submit reams of paperwork to prove their...
MarketWatch  Jun 26  Comment 
Joseph A. Smith will oversee the process to determine how former students of the now-defunct Corinthian Colleges receive debt relief, the Department of Education announced.
MarketWatch  Jun 25  Comment 
WASHINGTON -- The average rate for a 30-year fixed-rate mortgage inched up to 4.02% in the week that ended June 25 from 4.00% in the prior week, according to a Thursday report from federally controlled mortgage buyer Freddie Mac. A year ago, the...


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.

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

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