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Armando Said:

how do i figure home mortgage interest rates?

We Answered:

Most banks have them posted. They vary depend on the duration of the term...........

Jessie Said:

home interest rates?

We Answered:

Down, slightly.

Naomi Said:

what are the current home mortgage interest rates?

We Answered:

Bank Rate {.com} http://www.bankrate.com is a good site, but not all programs run on their rates which are determined by the Federal Reserve Bank.

There are several indexes that are used by different lenders and different lender programs. Such as the, COFI (Cost of Funds Index), COSI (Cost of Savings index), LIBOR (London Interbank Offered Rate), CODI (Cost of Deposits Index), and the MTA (Monthly Treasury Average).

Be aware of what index your program utilizes as some seem to be more stable than others for a variety of reasons.

Marie Said:

What makes home mortgage interest rates go up and down?

We Answered:

Excellent question.

There are many variables.

1. Inflation expectation
2. Investors appetitie for risk
3. Liquidity in the system
4. Available money in the system.

Many people are confused about why the sub-prime mortgage market exploded in such a short period of time.

The number one reason is the investors lost their appetite for these high risk loans and stopped buying the paper.

Most morgage companies today put up the initial amount to fund the loan and then re-package them as CDO's Collaterized Debt Obligations and sell them off to investors.

When investors stop buying these packaged loans, the entire system freezes up.

Thats' why the Federal Reserve has acted as aggressively as it has over the past month.

Hope this helps.

Terry S.
http://www.Welcome2Arizona.com

P.S. If you want to learn more I highly recommend 3 hours of the FSN Newshour every week on http://www.FinancialSense.com

P.S.S. I rarely miss it and learn something new every single week.

Clarence Said:

How do lenders calculate interest rates for home mortgage for married couples who have different FICO scores?

We Answered:

Basically if you have two people on any mortgage loan, the bank or lender will take the lower of the two scores if it is any documentation over than Full doc.

If it's full doc, which means full tax returns, proving income for both borrowers, the bank or lender will use the middle fico score for the higher-earning borrower.

Sounds like you are in a pickle. If you absolutely need to use both borrowers, the lower fico will hurt your rate. It depends what the fico score is though. If the lower of the two ficos is 680 or above, it wont matter too much. If it's really low, 660 or less, it may be worthwhile to hold off until you improve your scores.

Otherwise you're gonna pay an arm and a leg for it now.

Learn more at http://www.thetruthaboutmortgage.com