Warning: include() [function.include]: URL file-access is disabled in the server configuration in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include(http://www.hurryloan.com/rightbar.php) [function.include]: failed to open stream: no suitable wrapper could be found in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include() [function.include]: Failed opening 'http://www.hurryloan.com/rightbar.php' for inclusion (include_path='.:/usr/local/share/pear') in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78   Go Back To Search Results Question the interest rates on mortgage loans are based on prime? when allen greenspan changed the interest rates to rise on home loans to stop inflation he was obviously wrong..when he was replaced, the interest rates based on prime started to decline to prevent stagflation.as of now, where do think the prime rate will go...higher to stop inflation or lower to create stagflation? By steve b Posted on 03/26/08 Total Answers 5 Answers- I don't know. I'm justing hoping that it stays low for another few months, so we can sel our house, and buy a new one with a good interest rate. Answer by : Amanda I On Date 2008-03-26 06:52:30 Unless you have a fixed-rate mortgage, the current mortgage interest rates are very important to deciding how much you should pay every month<!--therefore it is always a good idea to keep an eye on what the rates are doing. If interest rates should rise, so will your monthly payments and again, if interest rates were to fall, so would the amount you would have to pay. http://mortgages-finance.awardspace.com/Mortgage-Rate-Compare.htm Monthly repayments made on your mortgage and the amount that was borrowed, is determined by current mortgage interest rates. Different-->companies offer different interest rates so it is a good idea to shop around for the best deal before settling on one particular lender. Answer by : Jessica On Date 2008-03-26 06:59:20 Mortgage interest rates are NOT directly tied to fed "prime." Answer by : src50 On Date 2008-03-26 07:37:49 Prime does not relate to regular mortgage rates. However, HELOCs are usually affected by prime. The rate the Feds set is for short term money & prime is usually 3 points higher than that. Answer by : Lisa L On Date 2008-03-29 15:28:02 Um, greenspan was right. Inflation is worse than when the greedy and ignorant team up together and screw themselves over. High interest rates motivate people to spend and help keep inflation low. Those are desired effects for everyone. Answer by : arch0049 On Date 2008-03-29 17:44:00   Go Back To Search Results