Mortgage

Mortgage A legal document that pledges a property to the lender as security for payment of a debt. Instead of mortgages, some states use First Trust Deeds. Mortgage Rate News Through the last four weeks, fixed mortgage interest rates stabilized, and then shot up almost half a point (+0.41%). Interest Rate Prediction Mortgage interest rates should go down, having temporarily over-reacted. The hope is that at that time they will stabilize.