Mortgage interest rates are generally influenced by Federal Reserve interest-rate policy decisions, bond market investors' expectations for the economy and inflation, and they generally follow the trajectory of the 10-year Treasury yield, which lenders use as a guide to pricing home loans.
October 23, 2025
high
explanatory
Describes durable factors and mechanisms that typically affect mortgage-rate movements.
Adjustable-rate mortgages typically offer lower initial interest rates than traditional 30-year fixed-rate mortgages.
October 23, 2025
high
definitional
General characteristic of adjustable-rate mortgages compared with fixed-rate mortgages.