What determines mortgage rates? Does the prime rate hold a big impact? Is it more a function of gov bond rates?
Answers:
In Japan many banks adopt a prime rate as a criterion of the interest rate of some kind of mortgage rates. As for the long-term prime rate, it is determined depending on the change the form that almost links the interest rate of the long-term national bond.
On the other hand contained by US the prime rate has a less impact on mortgage rates. Like stock bazaar determines the mortgage rates. Source(s): http://www.reversemortgage.jp/2005/06/po…
http://ja-jp.facebook.com/topic.php?uid=…
http://www.getrichslowly.org/blog/2008/0…
http://docs.google.com/gview?a=v&q=cache…
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