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  • A History of Interest Rates: Third Edition, Revised


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    • mortgage interest rates history FAQ

    How are mortgage interest rates determined?

    Jul 29, 2008 by Nathan T | Posted in Renting & Real Estate

    What I mean by that is I assume there is a formula which banks use to figure out what mortgage rates to offer a customer based on prime rates, customers credit history, size of mortgage, etc...

    Does anyone know how this process works and

    Rates are determined by investors in the secondary market.

    Most loans are originated for sale to Fannie and Freddie so they rates that anyone can offer depends on what Fannie and Freddie can afford to offer on a program (e.g. 30 year, 15

    Dale H | Jul 30, 2008

    In general, mortgage rates are determined by the bond market, the 10 yr. treasury to be specific.

    Different lenders use different formulas - there isn't one magical formula that all lenders use. Also, it depends if the lender plans
    HuaracheKid | Jul 29, 2008

    mortgage interest rates?

    Nov 02, 2008 by Gemini | Posted in Renting & Real Estate

    we are planning to buy a home in this down market. we have found a couple of nice homes and we are in the process of finalizing one. when we took our pre approval letter the interest rate was low - 5.3% and now 6.3%. we want to take 15 years mortgage

    Interest shouldn't go much lower.
    Don't listen to Ford T. He's clearly not familiar with compound interest.
    If you double your mortgage term you don't simply cut your monthly payments in half, it isn't even close to cutting that much off

    Andi | Nov 03, 2008

    No one knows - I wouldn't count on the fed rate cut affecting mortgage rates very much.
    src50 | Nov 02, 2008

    Does the mortgage interest rate different from the online quote ones and when they run the history ?

    Mar 27, 2009 by John P | Posted in Renting & Real Estate

    I have asked for some online quotes for the mortgage interests, they took a generic info as how much would be my fico,salary,debts and gave me a rate quote.(ex: 5.25% 5.13%)

    1) Now when I actually start talking to them , do they have to

    1) yes
    2) yes
    3) no... only the first inquiry will 'ding' your credit. (and its only a few points) The way it works is the credit bureaus look at the kind of inquiries and if they are all mortgage brokers, etc., they only ding you for the

    Enchanted | Mar 27, 2009

    mortgage interest rates history news

    Housing Is a Tool for Economic Development - Mohammed

    23.02.12

    What is mortgage financing all about?

    I will say it in a lay man's language: it is a situation where a mortgage institution, financial institution or bank gives somebody who is interested in mortgage financing, money to buy a house, but in exchange the institution holds the title or ownership temporarily while the person pays for the house gradually.


    Source: AllAfrica.com