I am interested to find out what will make the 30 year mortgage rates rise and fall? I have heard that it is tied to the treasury note. Please help. Thank you.
2007-03-19 14:59:13 · 5 answers · asked by jpod 1 in Business & Finance ➔ Renting & Real Estate
Yes the mortgage rates follow the 10 year bond. So you can go to yahoo finance and click on the ten year bond and you will be able to compare that to interest rates. We watch it for our loans in float waiting to lock them for our clients.
2007-03-19 18:52:41 · answer #1 · answered by amstarlender 2 · 0⤊ 2⤋
The 10 year bond is generally what drives 30 year mortgage interest rates.
2007-03-26 09:12:42 · answer #2 · answered by Madhu R 1 · 0⤊ 0⤋
Mortgage backed securities. Look for them at NYSE.com If they lose, the rates lose - when they are doing good - so are long term rates.
Also check bankrate.com - they can usually give the average person, like you or me, a good idea where rates are going in an easy to read format.
2007-03-19 15:16:42 · answer #3 · answered by amy23 3 · 0⤊ 0⤋
Yup! They rise when they rise, and they fall when they fall.
2007-03-27 05:41:53 · answer #4 · answered by Twilight 1 · 0⤊ 1⤋
Its all on a scale really...
2007-03-26 12:06:21 · answer #5 · answered by Mark P. 5 · 0⤊ 1⤋