Andrea Riquier is a former Staff Writer at Forbes Advisor. She is a New York-based writer covering mortgages and the housing market. She was previously at Dow Jones MarketWatch, on the housing ...

To make this choice, it's helpful to understand how mortgage rates are determined. Since the 10-year Treasury yield plays ... of consumer origination sales at Chase Home Lending.

Data from Chase Home Lending suggests roughly 4.7 million homeowners would come out favorably from refinancing if rates dropped below 6%. With the popular 30-year fixed-rate mortgage hovering near ...

which lets you borrow money to buy or refinance a home and repay it (with interest) over 10 years. In general, 10-year mortgage rates tend to rise and fall in line with other interest rates.