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The Money Side of Real Estate
The Money Side of Real Estate
When mortgage rates are moving higher, one of the biggest decisions a buyer has to make is: Do I lock my interest rate today or wait and hope rates come back down? There is another question that is just as…
A mortgage rate moving by half a percent might not sound dramatic. But over a large loan, it can make a noticeable difference. For example, on a $400,000 30-year mortgage, the difference between two rates that are 0.50% apart can…
Most people assume the Federal Reserve simply decides mortgage rates. It is more complicated than that. Mortgage rates are influenced by several things: Inflation is especially important. If investors believe inflation will stay high, they normally want a higher return…
Mortgage rates do not move directly with the Federal Reserve. One of the markets I watch closely is the 10-year U.S. Treasury yield. Why? Mortgage-backed securities compete with Treasury bonds for investor money. When Treasury yields rise, investors normally demand…
