Mortgage
A mortgage is a loan secured against property, repaid over a long period, where the lender can take the property if payments stop.
Why It Matters
Mortgage rates transmit central bank decisions into household budgets and house prices, with a delay set by how long rates are fixed for.
Related Terms
- LTVLoan to value is the size of a loan as a percentage of the value of the property securing it.
- DSCRThe debt service coverage ratio is a property's net operating income divided by the debt payments due on it.
- Interest RateAn interest rate is the price of borrowing money, expressed as a percentage of the amount borrowed over a period.
- Residential Real EstateResidential real estate is housing: owner-occupied and rented homes, and the development and financing behind them.
VANTAGE52 Coverage
Published reporting filed under the topics behind this concept.
Global Economy
Fed Raises Rates as Inflation Keeps Pressure on the U.S. Economy
The Federal Reserve raised its benchmark interest rate to 3.75%–4.00% as persistent inflation keeps monetary policy under pressure.
Markets
Why A 5% U.S. Treasury Yield Could Reshape Global Markets
The 10-year is nearing a level that reprices mortgages, deals and every distant future earning.
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