Mortgage

RECENT NEWS
Wall Street Journal  5 hrs ago  Comment 
Mortgage rates dropped below 4% for the first time since November, providing more kindling to an already hot housing market as the crucial spring selling season gets under way.
Motley Fool  Apr 21  Comment 
An ever-so-slight uptick in most mortgage rates today, except for adjustable loans, which sank.
MarketWatch  Apr 21  Comment 
Hint: They were not thinking about when rates would rise again.
BBC News  Apr 21  Comment 
Experts point out that the 0.89% deal comes with significant upfront costs.
Financial Times  Apr 20  Comment 
Fall comes as Consumer Financial Protection Bureau accuses it of ‘systemic’ misconduct
Motley Fool  Apr 20  Comment 
Little change in most mortgage rates today, though a couple declined even further.
MarketWatch  Apr 20  Comment 
Benchmark 30-year mortgage rate falls below 4% for first time since November




 
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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