In general, interest rates for long-term fixed-rate loans (i.e., 30 year fixed) mimic movement in the 10-Yr Treasury Yield. However, there are borrower related factors that also impact your interest rate, including: Your FICO score Your Loan to Value Ratio The type of property (single-...
Treasury bills, certificates of deposit (CDs), the London Inter-Bank Offer Rate (LIBOR) or other indexes. When mortgage lenders come up with their ARM rates, they look at the index and add a margin of two to four percentage points. Being tied to these index rates means that when those ...