Everything in Variable Rate Mortgage
most popular Variable Rate Mortgage questions
Why are mortgage rates different than the Feds fund rate?4 Answers
Mortage rates are not directly related to the federal funds rate. Mortgage rates are affected by 10-year Treasury Bills, and the anticipated rate of inflation. When the fed lowers its funds ... read more
How much savings did you experience by refinancing your mortgage?1 Answer
So... lets look at a $200,000 home loan. At 6.375% interest figuring standard fees and points the cost over the life a 30 year loan would be $453,186.33 That's approximately a montly Payment... read more
How will the $1.15 trillion being pumped into the economy by the fed effect long-term mortgage rates?3 Answers
The anticipation is that this purchase will drive down interest rates. Most mortgage interest rates are tied to the rate of a treasury bill, so with this purchase reducing the rate of t-bill... read more
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