What determines the mortgage rate?

What determines mortgage rates for say a 30 yr fixed ....with adjectives the fed rate cuts does that help....i hear it also dealt with 10yr bonds...but than i hear it mostly deals with the mortgage put a bet on securities...so which one is it....when is a good time to refinance or lock in a honest purchase price
Answers:
mainly the 10-yr US treasury bond rate. Traditionally mortgage rates are about 50-75 starting place points above the 10 yr yield.
Right now they are skewed a bit because the bank are hoarding cash instead of lending it as they should be doing.

When is a apposite time to buy? If you are buying to own for more than 5 years than you should not be worrying about trying to time it. Anytime is a good time to buy if you are in actual fact buying to live in the house mainly for the huge due writeoff benefits and the dividend a house pays (no more rent!)
house prices will come back eventually, buying as an investment only is probably not a impossible time either to buy for that reason if you enjoy the cash to put up. Source(s): http://lists.egrab.com/best_realestate_s…

Related Questions:
  • I hold a mortgage I want to refinance to catch the topical lower rates. Which mound should I run to?
  • What would you vote is the average conversion rate for mortgage lead vs. fulfillment online?
  • When will the mortgage interest rates sky rocket into the double digits?
  • Are mortgage rates tax?
  • What is the interest rate on a 15 year fixed mortgage?