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prima: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

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This content was published more than 2 months ago.
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)

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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