What COULD be Keeping Mortgage Rates from Going Even Lower?

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One of the big misconceptions about interest rate determination is that the “Prime Rate” has something to do with mortgages. It doesn’t. Well technically it has an effect on some adjustable and home equity rates since they can be “tied to Prime”, though LIBOR (London Interbank Offer Rate) has become more popular over recent years as the benchmark for rate determinations. However, the real instrument that determines the rates for mortgages is the 10 year treasury. Find out more on my blog: http://www.franksanpietro.com/keeping-mortgage-rates-going-even-lower/

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What COULD be Keeping Mortgage
Rates from Going Even Lower?

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