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What Are 30 Year Mortgage Rates Tied to?

April 26, 2017mortgage rates tied year

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What Are 30 Year Mortgage Rates Tied to?

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There is no benchmark rate to which 30-year mortgage rates are tied by law or by regulation. Contrary to popular opinion, the federal government does not directly control mortgage interest rates, either through the federal funds rate–the rate banks use for overnight loans–or through regulation of the mortgage-money market. There are several economic and market factors, however, that do affect rates.