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mortgage rates: Freddie Mac Weekly Mortgage Rate Survey | April 22, 2010 - 04/22/10 02:47 PM
Each week, Freddie Mac releases the results of their mortgage rate survey they conduct to sample mortgage rates offered by lenders and brokers around the country. Although some interpret this survey as the "rate that Freddie Mac sets" for mortgages, it is not; rates are not set by Freddie Mac directly, but rather by individual lenders and brokers based on mortgage bond pricing. Other factors can also affect these rates, such as the borrower's credit score, down payment, the property type and the total origination charge (points) that the lender is charging in order to obtain a certain rate.
In other … (2 comments)
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mortgage rates: What Makes Mortgage Rates Rise and Fall? - 10/27/08 01:17 PM
The economic factors and conditions that cause mortgage rates to rise and fall are somewhat complicated. Many consumers think that the government and/or the Federal Reserve actually control and set mortgage rates. Although the Fed does not directly control mortgage rates, many of their policies, including setting the Federal Funds target rate, have an impact on mortgage rates in indirect ways. Predicting mortgage rates is always more of an educated guess than an exact science. Having said that, there are some factors that almost always have a predictable effect on mortgage rates. These effects are often magnified when combined with other factors in the economy, and … (0 comments)
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mortgage rates: Does the Federal Reserve Control Mortgage Rates? - 10/08/08 08:29 PM
Does the Federal Reserve Control Mortgage Interest Rates? Or some other government entity or individual?
Early this morning, the Federal Reserve announced they were cutting the Federal Funds rate by half a percentage point to 1.5%. Many people assume this means mortgage rates will automatically follow suit. Unfortunately this is not how it works. Many complex factors affect mortgage rates besides the Federal Funds Rate.
But before we discuss those, let's examine what rates the Federal Reserve DOES control. The Fed only controls two key interest rates: The Federal Funds Rate and the Discount Rate. Neither of these are rates charged on loans to … (0 comments)
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John Jones
Dallas,
TX
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