Want To Calculate Mortgage Rates? 3 Tips For Comparing Today’s Rate To Historical Trends
Want To Calculate Mortgage Rates? 3 Tips For Comparing Today’s Rate To Historical Trends
Want To Calculate Mortgage Rates? 3 Tips For Comparing Today’s Rate To Historical Trends
Free Online Articles Directory
Why Submit Articles?
Top Authors
Top Articles
FAQ
AB Answers
0 && $.browser.msie ) {
var ie_version = parseInt($.browser.version);
if(ie_version Hello Guest
Login
Register
Hello
My Home
Sign Out
Email
Password
Remember me?
Lost Password?
Home Page > Finance > Mortgage > Want To Calculate Mortgage Rates? 3 Tips For Comparing Today’s Rate To Historical Trends
Want To Calculate Mortgage Rates? 3 Tips For Comparing Today’s Rate To Historical Trends
Posted: Nov 18, 2010 |Comments: 0
|
]]>
For somebody who is in the market to buy a home or to refinance an existing mortgage, you know that one of the most important factors for determining when to move forward with applying for a mortgage is the mortgage interest rate.
There are two main factors that go into the rate for which you will ultimately qualify:
a. your current credit score
b. where today’s average mortgage interest rates are for your desired loan type
While it would be nice to know where rates are headed tomorrow or next year, there is no way to predict, calculate, or otherwise know what tomorrow’s rate will be. It is an impossibility to know in advance – nobody can. However, there are ways of getting a sense for where rates are today as compared to historical trends – and to understand what influences rates day-to-day.
If you want to calculate mortgage rates, here are 3 tips for comparing today’s rate to historical trends:
1. Understand what affects mortgage interest rates:
For fixed-interest mortgages, mortgage rates are affected by changes in the “yield” of Treasury securities. Treasury securities are bonds issued by the U.S. government for the purposes of paying national debt. When yields go up, so do mortgage interest rates – since the Treasury securities represent just a slightly-safer investment than do mortgages.
Meanwhile, for adjustable rate mortgages, mortgage rates are affected by the fed funds rate – which is set by the Federal Reserve and has to do with how much banks charge each other overnight loans.
2. Choose a type of mortgage whose rate you want to know more about:
Now, to get a better understanding of where rates are today, it is useful to get some context by looking at recent trends. Start by choosing a type of mortgage loan, such as a 30-year fixed (the most common type).
3. Look at 3-month, 1-year and 3-year trends:
Next, for the loan type you choose to research, look at 3-month, 1-year and 3-year trends. By doing so, you will get a sense for how these rates fluctuate over time and whether they are relatively high or low today as compared to those historical rates
Take these 3 tips into account as you get a better handle on mortgage rates in order to help you make a better decision about when would be a good time to move forward with your new mortgage.
Retrieved from “http://www.articlesbase.com/mortgage-articles/want-to-calculate-mortgage-rates-3-tips-for-comparing-todays-rate-to-historical-trends-3691737.html”
(ArticlesBase SC #3691737)
Liked this article? Click here to publish it on your website or blog, it’s free and easy!
Everett Machlachan -
About the Author:
Find financial calculators, mortgage loan & credit tips at: .
]]>
Questions and Answers
Ask our experts your Mortgage related questions here…200 Characters left
What are current jumbo mortgage rates ?
What are current fha mortgage rates ?
How to lower the mortgage rate for a jumbo loan without defaulting or paying cash to lower the loan below 9,000
Rate this Article
vote(s)
0 vote(s)
Feedback
RSS
Print
Email
Re-Publish
Article Tags:
want to calculate mortgage rates 3 tips for comparing todays rate to historical trends
Latest Mortgage Articles
More from Everett Machlachan
Understanding Adjustable Rate Mortgages
Jeff Thomas, mortgage advisor, explains the steps you have to go through when buying a house, like what is an adjustable rate mortgage (01:19)
Understanding Fixed Rate Mortgages
Jeff Thomas, mortgage advisor, explains the steps you have to go through when buying a house, like what is a fixed rate mortgage (01:03)
How to Lock Your Mortgage Rate Before Lender Hikes It
Video explains how to lock a fixed rate mortgage on a home loan currently in the application process before you are caught by surprise when a sudden home loan rate increase takes place. The video tutorial also introduces a new daily real-time mortgage rate alert service for home buyers and those refinancing their current mortgage. (01:48)
Mortgage Rates Reach Their Lowest Point for the Year
An average 30-year fixed-rate mortgage is at 4.78 percent, but analysts predict a rise soon, while Congress proposes grants and tax credits for electric cars. (01:13)
Home Loan Mortgage Choices for your Next Home
Know the mortgage home loan choices before you get your next mortgage loan (04:20)
Mallorca Property Market Report October 2010
A review of the Mallorca Property Market and the outlook for real estate prices by expert David Novi. The report identifies what has happend to the market and get’s behind the lack of transparency to give readers a real insight to both the past and present and the future outlook for purchasers and investors of Mallorca property.
By:
David Novi BA MPhil MRICSl
Business>
Ask an Expertl
Nov 15, 2010
Critical Analysis Of Web Crawlers’ Algorithms
A web crawler is a program or automated script which browses the World Wide Web in a methodical, automated manner. The objective of the paper is to make a make a critical analysis of the algorithms used by Web Crawlers. It intends to review and evaluate the different and various approaches to the methods used by the different web search engines to catalog the information.
By:
minoul
Internetl
Mar 04, 2009
lViews: 261
The Mortgage Checklist you can’t Ignore
Genpact Mortgage Services is a brand mortgage services and moneyLine lending services provider in Irvine and CA, US. It is also a mortgage solution company and has offices in Jaipur, India and salt lake city, UT.
By:
kunkunl
Finance>
Mortgagel
Dec 21, 2010
The best place to get a home loan or a mortgage is to go online and take a look at the rates that are offered so that you get the best deal. If you are looking for a mortgage for a home, the place to go is through an online bank rather than an off line bank. You can even get a property loan from another country when you know where to shop online.
By:
Everton Angelol
Finance>
Mortgagel
Dec 21, 2010
Payday today: By far the best monetary option
Payday today enables you to derive quick and instant funds. With the aid of these loans, you can instantly access the cash, so as to deal with expenses that come up all of a sudden. In order to know more about this financial provision, you can read this article.
By:
Omar Parkinl
Finance>
Mortgagel
Dec 21, 2010
Mortgage Prequalification – The Key to Buying the Perfect Home
Mortgage prequalification is an importnat first step to obtaining the perfect property. It affects 3 key people in the deal, the buyer, the vendor and the real estate agent.
By:
Greg Lindsayl
Finance>
Mortgagel
Dec 21, 2010
Go to the Pros when You Want Your Equity Released
I am in need of loans; a lot of loans the truth is since I would like to begin my own business in order that I could be my own boss in order that no one can fire me. Our economy is down in the dumps and which means everyone is now taking out more loans for their houses or other expenses.
By:
DeborahSmithl
Finance>
Mortgagel
Dec 21, 2010
Are you in need of cash and yet still possess a mortgage?
You might need it for an emergency or for an investment? If you are, you will want to learn about this experience that i had a few years back. I was paying off a mortgage.
By:
DeborahSmithl
Finance>
Mortgagel
Dec 21, 2010
Squeeze the Equity from Your Property
These are hard times we live in. The economy is in a slump so people are holding on to their money. As fast as we get mortgages for us to possess our own houses, we have to more money to make use of for something else.
By:
DeborahSmithl
Finance>
Mortgagel
Dec 21, 2010
Haggling with Lenders to Get a Lower Mortgage Rate
Does it pay to haggle over mortgage rates? Most loan officers have some room for negotiating, and they don’t want to lose an opportunity to sell a loan.
By:
Rick Smithl
Finance>
Mortgagel
Dec 20, 2010
Refinance Mortgage Loans At Low Interest Rates – 3 Tips
When you want to reduce your monthly expenses in order to have more money “left over” at the end of each month, there are never any simple answers. Money is tight all around for a lot of people, and it is not always easy to get access to the cash you need. One possible answer for you would be to refinance your mortgage loan. Here are 3 tips for how to do so at the lowest-possible rate.
By:
Everett Machlachanl
Finance>
Mortgagel
Dec 06, 2010
Navy SEAL Workout Plan – 5 Steps To Qualifying For SEAL Training
United States Navy SEALs are known the world-over as being the best-trained special forces soldiers anywhere. To qualify for the SEAL BUD/S training, you first have to pass a Physical Fitness Test (PST). If you want to find out more about a Navy SEAL workout plan, here are 5 ways see if you qualify.
By:
Everett Machlachanl
Health>
Men’s Healthl
Nov 23, 2010
Muscle-Building Workouts From Hollywood – 7 Exercises For Building The Body Of A Star
Want to look like a movie star? Or, how about just getting the body of your favorite star? Sure, famous actors in multi-million dollar productions have the advantage of makeup artists, special effects, and lighting experts to make them look smokin’ good. Here are 7 exercises for building the body of a star.
By:
Everett Machlachanl
Health>
Men’s Healthl
Nov 23, 2010
What Foods Burn Tummy Fat? 5 Tips For Finding Fat-Burning Foods
Tummy fat is the known enemy of the fit-looking body. As most of us get past age 20 or 25, belly fat becomes harder and harder to fend off. Even when we work on each part of our bodies at the gym or through dieting, it can seem like the tummy fat battle is the hardest one to win. Here are 5 tips for finding fat-burning foods to burn away tummy fat.
By:
Everett Machlachanl
Health>
Nutritionl
Nov 23, 2010
Find The Lowest Home Mortgage Interest Rates – 5 Tips
Whether you are interested in upsizing, downsizing, or moving into a home for the first time, you are going to want to find the lowest-possible interest rate before you get the process started. Here are 5 tips for getting started.
By:
Everett Machlachanl
Finance>
Mortgagel
Nov 23, 2010
Credit Repair After Bankruptcy – 5 Tips
Bankruptcy is a word that nobody wants to have to encounter in a personal way in their adult lives. For those people who do declare bankruptcy, they usually do it because they had run out of other options. Of course, a bankruptcy can wreak havoc on your credit report. Here are 5 tips for credit repair after bankruptcy.
By:
Everett Machlachanl
Finance>
Personal Financel
Nov 23, 2010
What Do You Get To Keep After Bankruptcy? 5 FAQs
If you are considering declaring bankruptcy – or have already done so – you are probably curious about what you get to keep as a result of the process. Here are 5 frequently-asked-questions (FAQs) about what you get to keep after bankruptcy.
By:
Everett Machlachanl
Finance>
Personal Financel
Nov 23, 2010
Home Equity Loans For People With Bad Credit – 5 Tips For Faster Funding
A home equity loan may be just the thing you need to get you out of a sticky financial situation. But, what do you do if you have a low FICO score – say, one under 600? If you are looking for home equity loans for people with bad credit, here are 5 tips to help you get funded faster.
By:
Everett Machlachanl
Add new Comment
Your Name: *
Your Email:
Comment Body: *
Verification code:*
* Required fields
Submit
Your Articles Here
It’s Free and easy
Sign Up Today
Author Navigation
My Home
Publish Article
View/Edit Articles
View/Edit Q&A
Edit your Account
Manage Authors
Statistics Page
Personal RSS Builder
My Home
Edit your Account
Update Profile
View/Edit Q&A
Publish Article
Author Box
Everett Machlachan has 82 articles online
Articles Categories
All Categories
Advertising
Arts & Entertainment
Automotive
Beauty
Business
Careers
Computers
Education
Finance
Food and Beverage
Health
Hobbies
Home and Family
Home Improvement
Internet
Law
Marketing
News and Society
Relationships
Self Improvement
Shopping
Spirituality
Sports and Fitness
Technology
Travel
Writing
Accounting
Banking
Credit
Currency Trading
Day Trading
Debt Consolidation
Insurance
Investing
Loans
Mortgage
Personal Finance
Real Estate
Taxes
Wealth Building
]]>
Need Help?
Contact Us
FAQ
Submit Articles
Editorial Guidelines
Blog
Site Links
Recent Articles
Top Authors
Top Articles
Find Articles
Site Map
Webmasters
RSS Builder
RSS
Link to Us
Business Info
Advertising
Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2010 Free Articles by ArticlesBase.com, All rights reserved.
Mortgage Interest Rate Predictions, Trends, and Forecast for 2010
Category: Rates
