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How does the mortgage interest rate market work?

Executives from the Mortgage Bankers Association explained to El Nuevo Día that the effect of the Federal Reserve’s decisions on mortgage rates is indirect

October 20, 2024 - 1:40 PM

According to the president of the Mortgage Bankers Association, Peter Torres, consumers can estimate the average interest rate on a mortgage by using the price of 10-year Treasury bonds and adding between 1.2 and 2.5. (Shutterstock)

Efraín Montalbán Ríos

By Efraín Montalbán Ríos

Periodista de Negociosefrain.montalban@gfrmedia.com

The value of mortgage interest plays a crucial role in calculating property payments and determining the affordability of a home, so it’s important to understand which indicators cause fluctuations in this rate.

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Efraín Montalbán Ríos

Efraín Montalbán Ríos

efrain.montalban@gfrmedia.com

Por los pasados cinco años, Efraín Montalbán Ríos ha ejercido como periodista y productor en distintos medios de comunicación locales. Es egresado de la Escuela de Comunicación –ahora facultad- de la...

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