The fed adjusts short term interest rates. What affects long term rates such as a 30 year fixed mortgage?
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.
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- 1 decade agoFavorite Answer
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.
- 1 decade ago
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.
Source(s): mortgage lender - How do you think about the answers? You can sign in to vote the answer.
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