Mortgage

RECENT NEWS
guardian.co.uk  4 hrs ago  Comment 
The receding likelihood of a base rate rise in 2015 has a sparked a price war between banks and building societies The number of mortgages take out for house purchases and remortgages increased in February, figures from the Bank of England...
BBC News  5 hrs ago  Comment 
The number of mortgages being granted across the UK hit a six-month high in February, Bank of England data shows.
Wall Street Journal  Mar 29  Comment 
Lenders say demand for mortgages has been stronger than expected, and many expect it to keep rising. That could boost bank earnings.
guardian.co.uk  Mar 28  Comment 
After forecasts over interest rates have failed dismally, homebuyers should go for fixed and variable rates simultaneously In March 2009, as the bank base rate was slashed to a historic low of 0.5%, when did the (colossally paid) experts say they...
Benzinga  Mar 27  Comment 
In a report published Friday, Morgan Stanley analyst Cheryl M. Pate reiterated an Equal-Weight rating and $30.00 price target on Nationstar Mortgage Holdings Inc. (NYSE: NSM). In the report, Morgan Stanley noted, "We lower our 2015e and 2016e...
Channel News Asia  Mar 25  Comment 
Mortgage rates for home owners on floating rate loan packages are estimated to have risen on average from about 1.5 per cent a month ago, to 2 per cent now. This comes amid a steady increase in the SIBOR.
Yahoo  Mar 25  Comment 
Applications for U.S. home mortgages rose last week as interest rates dropped to their lowest level since February, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally ...




 
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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