Most people do not understand what impacts mortgage interest rates. The typical response is the FED rate affects mortgage rates. While there is some truth to this, it's the 10-year treasury bond that most lenders use to determine long-term mortgage interest rates.
The reason for this discussion is in part to inform you about how long-term mortgage interest rates are set but also to discuss how this system affects future interest rates.
Some people are waiting to buy a house until mortgage interest rates fall. Hopefully, this podcast will enlighten you about this.
Please visit LoganAndersonLLC.com our website to read more about this and other topics on our blog. Check out great properties that you may be able to afford.
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