What do you want of Mortgage Interest Rates Today ?.
For most population they do not verily know how the fed interest rate affects their mortgage loans and other financial holdings and debts. Currently the governments colse to the world are infusing cash into cash strap and beleaguered financial institutions. Having this in mind, the fed interest rate can influence your perception of you coming your mortgage loans. But in reality the follow in your mortgages is practically non existence. The reckon for this is naturally because your lenders prime rate hardly the benchmark lenders and banks use to index your mortgages.
Take the case of the new fed interest rate cut, some lenders and banks did follow and lower their lending rates but all of them did. So if you are trying to figure out how it will influence your home loan, you might find it a diminutive bit difficult. Figuring this out is somewhat complicated. One way it can lower your interest rate is because of the intense competition amongst the banks for depositor's money. Because of the reputation crunch at the moment, banks have no other place to get money so they might lower their rates but with stricter or stringent qualifying requirements for a home loan.
