Q&A: What are mortgage interest rates based on and how do I estimate what my ARM rate will be when it adjusts?

Posted on Oct 30, 2012 in FHA Information

mortgage rates
by RON SOMBILON MEDIA, sickness dosage ART and PHOTOGRAPHY

Question by Been there, done that: What are mortgage interest rates based on and how do I estimate what my ARM rate will be when it adjusts?
My 5-1 ARM adjusted last year and went to 6.25%. It will adjust again this November. Are mortgage rates based on the feds fund rate? Or something else? How can I estimate what my new rate will be?

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