Mortgage Loan

A mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit".

https://en.wikipedia.org/wiki/Mortgage_loan

Key mortgage rates mixed for Thursday

Mortgage rates were mixed today. See what that means for you if you’re in the market for a home loan.

discovered 3 months ago on Bankrate.com
Weekly mortgage applications pull back as rates edge toward 4%

Mortgage rates moved just a tiny bit higher, but apparently it was enough to dampen interest in...

discovered 3 months ago on CNBC
Mortgage rates hold steady to close out 2019 — here’s what the next year may hold

Similarly, the 15-year fixed-rate mortgage held steady at 3.19%, according to Freddie Mac. The 5/1...

discovered 3 months ago on Market Watch
Mortgage Rates Stay Low, Capping a Year for the Record Books

For a third straight week, mortgage rates are holding steady at historically low levels for this...

discovered 3 months ago on MoneyWise via Yahoo Finance
Long-term mortgage rates remain at historically low levels in US

U.S. long-term mortgage rates are little changed this week, remaining at historically low levels to...

discovered 3 months ago on Chattanooga Times Free Press
Mortgage Applications Cool as Borrowers Chill Out Over Rates

A decline in mortgage applications is being led by a drop in new refinancings — possibly because...

discovered 4 months ago on MoneyWise via Yahoo Finance
U.S. Existing-Home Sales Climb for Third Time in Four Months

Sales of previously owned U.S. homes increased in October as buyers responded to falling mortgage ...

discovered 4 months ago on Bloomberg via Yahoo Finance
Existing-home sales rebound 1.9% in October as low mortgage rates continue to provide a lift

The numbers: Sales of previously-owned homes rose 1.9% in October — the latest housing statistic to...

discovered 4 months ago on Market Watch
Mortgage rates decline for Monday

Several closely watched mortgage rates receded today. If you haven’t locked yet, see how your future mortgage payments could be affected.

discovered 4 months ago on Bankrate.com
Mortgage rates fall to lowest level in six weeks

“Despite growing optimism and the tentative agreement of an initial deal, the talks failed to yield meaningful developments in recent weeks. Because ...

discovered 4 months ago on Washington Post
US mortgage rates fell this week, boosting housing market

US mortgage rates fell this week, supporting greater home sales.

discovered 4 months ago on Miami Herald
Mortgage rates continue to seesaw — and this week they fell

Yet again mortgage rates have fallen on a weekly basis, providing people with another chance to lock...

discovered 4 months ago on Market Watch
Up-and-Down Mortgage Rates Have Gone Down Again

Mortgage rates have been bouncing their way through November like a kid on a trampoline. Rates on 30-year fixed-rate mortgages ...

discovered 4 months ago on MoneyWise via Yahoo Finance
Upbeat Data to Renew Confidence in Homebuilding ETFs

This is because U.S. homebuilding rebounded in October and permits for future home construction jumped to a more than 12-year high (see: all the...

discovered 4 months ago on Zacks via Yahoo Finance
Mortgage Applications Spike in the Face of Rising Rates

Home borrowing has taken off again, with mortgage applications hitting their highest level in over a...

discovered 4 months ago on MoneyWise via Yahoo Finance
Mortgage rates move higher on encouraging trade developments

“The modest uptick in mortgage rates over the last two months reflects declining recession fears and...

discovered 4 months ago on Washington Post
Even with fixed mortgage rates lower than variable ones, locking isn’t a slam dunk

Staying put may pay off for some variable-rate mortgage holders.

discovered 4 months ago on MSN News
First-time buyers overtake home movers in September

The number of first-time buyers entering the market has continued to creep up as buyers take advantage of parental help and near-record low mortgage ...

discovered 4 months ago on Daily Mail
Lower Mortgage Rates Boost U.S. Housing Starts, Building Permits

U.S. homebuilding rebounded in October and permits for future home construction jumped to a more...

discovered 4 months ago on US News & World Report
Construction on Firm Footing Post Q3 Earnings: 5 Top Picks

After rising interest/mortgage rates and the trade war fiasco wreaked havoc for the construction...

discovered 4 months ago on Zacks via Yahoo Finance
Mortgage rates decline for Wednesday

Several benchmark mortgage rates decreased today. See what that means for you if you’re in the market for a home loan.

discovered 4 months ago on Bankrate.com
Mortgage rates are increasing again — so why did more people apply for home loans?

Although mortgage rates now stand higher than they did just a couple months ago, more people are...

discovered 4 months ago on Market Watch
Mortgage Applications Fall Despite Rates Slipping Back Below 4%

The Market Composite Index, a measure of mortgage loan application volume, decreased 2.2 percent on...

discovered 4 months ago on Newsmax
Mortgage Stress Tests Boosted Canada’s Financial Stability: CMHC

Tighter mortgage regulations are making Canada’s housing market less risky, according to the...

discovered 4 months ago on Bloomberg
Bonds take a battering as rates fall again

The Bank of England has held base rate steady at 0.75 per cent for another month — but this has not stopped banks and building societies chipping away at...

discovered 4 months ago on Daily Mail
Good News, and Some Bad, on European Mortgage Rates

While European rates might seem like a pipe dream stateside, Americans in a position to buy vacation homes in Europe are able to access something close to them. European brokers ...

discovered 4 months ago on The Wall Street Journal
More people are using a second mortgage to pay for college. Should you?

Closing costs for a HELOC average 2% to 5% of the total loan amount; PLUS loans come with a stiff...

discovered 4 months ago on Market Watch
US mortgage rates fall this week from 3-month high

WASHINGTON (AP) - Mortgage rates slipped this week from the highest level since July and remain at historically low levels that are helping would-be...

discovered 4 months ago on Albany Times Union
Mortgage rates retreat for the first time in three weeks

More than anything else these days, mortgage rates have been driven by the U.S.-China trade talks. ...

discovered 4 months ago on Washington Post
Homebuilder DR Horton sees 2020 home sales above estimates, shares rise

D.R. Horton topped expectations for profit and revenue in the fourth quarter and forecast 2020 home...

discovered 4 months ago on CNBC
When Is It A Good Idea To Refinance Your Mortgage? | Bankrate

When mortgage rates fall as they have in 2019, many homeowners refinance their loans. Knowing when...

discovered 4 months ago on Bankrate.com
Mortgage rates fall after increasing for three straight weeks

Mortgage rates dropped in the past week after rising in six of the last nine weeks, including most...

discovered 4 months ago on Market Watch
Mortgage rates trend higher for Tuesday

Several closely watched mortgage rates trended upward today. If you’re shopping for a home loan, see how your future mortgage payments could be affected.

discovered 4 months ago on Bankrate.com