Mortgage rates?
what makes them drop?
Answers:
Adjustable rate mortgages usually rise and fall by communication that the fed drops rates. And also the 1 and 2 yr teasury bill rates.
Fixed rates mort. are controlled by the 5yr treasury bill and the 10 yr treasurey bond.
When bond rates go down sodoes the 30yr and 15 yr fix rate mortages
JB's close. Except for the ARM rates. I've never view it that way.
http://amnatmortgage.com
stick with the 10 yr. treasury bill, and that'll point you within the right direction.
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Do you feel mortgage lenders will start to lower their rates next to the Bank of England underpinning rate at almost 0!?
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Answers:
Adjustable rate mortgages usually rise and fall by communication that the fed drops rates. And also the 1 and 2 yr teasury bill rates.
Fixed rates mort. are controlled by the 5yr treasury bill and the 10 yr treasurey bond.
When bond rates go down sodoes the 30yr and 15 yr fix rate mortages
JB's close. Except for the ARM rates. I've never view it that way.
http://amnatmortgage.com
stick with the 10 yr. treasury bill, and that'll point you within the right direction.
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