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A comment on Mortgage rates have been rising at a pace not seen in almost 50 years. Parent comment

Re:Mortgage rates have been rising at a pace not seen in alm... by otterley on Friday May 25, 2018 @12:56AM (#17150723)
The Federal Reserve Bank ("The Fed") sets the base rate (i.e. the "overnight rate") from which commercial banks can borrow. Those banks, in turn, lend to debtors of all sorts, adding various risk premiums to the interest rates along the way.

More info: https://www.federalreserve.gov/aboutthefed/structure-federal...

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Re:Mortgage rates have been rising at a pace not seen in alm... by conwaytwitty on Friday May 25, 2018 @01:04AM (#17150759)
Sounds similar with a base reference rate + lender's margin (in finland currently like 0.2-0.5% for house loans), but for some reason the base rates are positive in the us?

After 2008 in europe the rates took a dive and have been negative for a few years.

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Re:Mortgage rates have been rising at a pace not seen in alm... by einarvollset on Friday May 25, 2018 @01:25AM (#17150837)
Doesn’t work like that in the US. Most mortgages are fixed rate for the duration of the mortgage.
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