Traditional 15 and 30 year fixed rate mortgages are directly affected by the 10 year treasury note. As the yield drops, rates drop and as the yield rises these mortgage rates rise. Some will say they are completely separate and have swings independent of one another. In certain cases this may actually be true, but overall where one goes the other is likely to follow.
"The credit crisis has affected the mortgage lending rates drastically. Many lenders are not giving out loans and mortgages at all without either high down payments, or pristine credit."
"Across the country, mortgage rates are falling
A jumbo mortgage is a loan larger than the conventional mortgage limits. The rates of jumbo mortgages is typically 0.25% to 0.5% higher than traditional mortgage rates.
There are a wide variety of different websites that can be used to compare mortgage rates, like ARM loans, they'll compare mortgage rates for you. You can also compare mortgage rates at a local bank.
The companies that offer the best mortgage rates are companies such as Lending Tree. Good mortgage rates can also be located by visiting local financial institutions and comparing mortgage rates.
mortgage rates are only affected by the government if they are a tracker mortgage. tracker mortgage can be a good option if you get lucky and the national banks flat lending rate falls
Mortgage rates are calculated based on the 10-year Treasury bond. This mean that usually when bond rates go up so do interest rates and interest rates are part of what we pay when we pay our mortgage. Mortgage rates are also calculated based on how much of a loan we need to finance our home purchase. One will pay an interest rate on the loan amount.
"The credit crisis has affected the mortgage lending rates drastically. Many lenders are not giving out loans and mortgages at all without either high down payments, or pristine credit."
Treasury rates are important because they help lock you into a rate that would normally rise and fall. If you lock into a good rate you are guaranteed that rate for the life of your loan. http://mortgage-x.com/general/treasury.asp
There are good places online you can find good rates for the treasury rates on treasury rates direct you can get a good calculation on your saving bond.
"Across the country, mortgage rates are falling
A jumbo mortgage is a loan larger than the conventional mortgage limits. The rates of jumbo mortgages is typically 0.25% to 0.5% higher than traditional mortgage rates.
There are a wide variety of different websites that can be used to compare mortgage rates, like ARM loans, they'll compare mortgage rates for you. You can also compare mortgage rates at a local bank.
The companies that offer the best mortgage rates are companies such as Lending Tree. Good mortgage rates can also be located by visiting local financial institutions and comparing mortgage rates.
To compare mortgage you can go to websites that have mortgage calculators, you would just search mortgage calculator. With a mortgage calculator you can easily compare mortgage rates.
These indexes are the weekly or monthly average yields on U.S. Treasury securities adjusted to constant maturities. Constant Maturity Treasuries is a set of "theoretical" securities based on the most recently auctioned "real" securities: 1-, 3-, 6-month bills, 2-, 3-, 5-, 10-, 30-year notes, and also the 'off-the-runs' in the 7- to 20-year maturity range. The Constant Maturity Treasury rates are also known as "Treasury Yield Curve Rates". Yields on Treasury securities at "constant maturity" are interpolated by the U.S. Treasury from the daily yield curve, which is based on the closing market bid yields on actively traded Treasury securities in the over-the-counter market. The CMT indexes are volatile and move with the market. They reflect the state of the economy, and respond quickly to economic changes. These indexes react more slowly than the CD index, but more quickly than the COFI index or the MTA index
The current mortgage fixed rates depend on which bank your mortgage is with and how long your mortgage is for. A Wells Fargo 30 year mortgage is 3.75%.