A neoconservative is one who recognizes three things: the merit of the free market in economics; the priority of politics over economics; and the primacy of morals over both. In the 1990s, this third characteristic is the most salient, and its primary target â secular humanism â is coming into ever sharper focus.
The first is how mortgage rates are determined, followed by the effect on mortgage rates by the U.S. Federal Reserve Bank. The only correct answer is mortgage bonds or mortgage-backed securities. Mortgage rates are not based on the 10-year Treasury Note.
From this rate, lenders determine their interest rates offered to borrowers, as well as the interest percentage paid to savings customers. From 2009 to 2010, the average bank prime loan rate set by the Federal Reserve was 3.5 percent, the lowest rate since 1957.