This chart is designed to show trends of some of the more common indexes used to set the rates on adjustable mortgages. Borrowers facing adjustments can use the numbers below to figure their new rate, assuming no caps or other special limitations. Data on 30-year, fixed-rate loans are included for reference.
SOURCES: Freddie Mac, Federal Reserve, Federal Housing Finance Agency | The Washington Post - October 2, 2010
30-year mortgage rates continue long decent Article | Rates on 30-year mortgages fell to the lowest levels in decades for the ninth time in 12 weeks, pushed down by traders anticipating a move by the Federal Reserve to pump more money into the economy.
Bernanke warns of high budget deficits Article | The nation's economic future would be endangered if the government does not rein in budget deficits in the years ahead, Federal Reserve Chairman Ben S. Bernanke said Monday, and Congress should consider new budgeting rules to try to make that happen.