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1. – 30-year rates are tied to mortgage backed securities (MBS) which are a type of 30-year bond and provide a safe haven for investors when the stock market is volatile. When investors purchase these bonds, they are essentially creating the funds needed to lend money to homebuyers.

   What is a 30-Year Fixed Mortgage? A 30-year fixed mortgage is a mortgage that has a specific, fixed rate of interest that does not change for 30 years. 30-year fixed mortgages are the most popular mortgage product nowadays and are especially popular among first-time home buyers.

   What to consider before determining whether to refinance your mortgage – Q: If you have a fixed-rate mortgage, why would you ever want to refinance if you plan to stay in the home for the duration of mortgage? A: That’s a good question. There are a bunch of reasons you.