Q&A: What are mortgage interest rates based on and how do I estimate what my ARM rate will be when it adjusts?
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? Best answer: Give your answer to this question...
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