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How are home mortgage rates calculated?

Updated: 9/23/2023
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10y ago

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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.

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Q: How are home mortgage rates calculated?
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