Financing in Chicago>Question Details

Trulia Chica…, Other/Just Looking in Chicago, IL

What index is the 30 year fixed mortgage based on?

Asked by Trulia Chicago, Chicago, IL Mon Feb 11, 2013

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The rates are based on the 10 YR Treasury and the Mortgage Bonds. Also at what rate Banks are willing to lend. The rates fluctuate every day. So be certain to compare interest rates from lenders on the same day. I would be happy to help with your purchase or refinance. Joanna Weiss 773-327-3580.
0 votes Thank Flag Link Wed Feb 20, 2013
Supply and Demand of market participants.
0 votes Thank Flag Link Wed Feb 13, 2013
Trulia, as you know, there are few blanket answers possible in real estate.

For this question, it depends on which bank you're using. It could be the US 10 year Treasury note or LIBOR or EURIBOR.
Web Reference:
0 votes Thank Flag Link Wed Feb 13, 2013
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