What Affects Interest Rates?

Our friends at Mortgage Market Guide have shared with us a wonderfully informative video about mortgage interest rates:

• what causes them to go up or down?
• why they are so volatile?
• why they've been so low this past year?
• why they likely won't be so low after the first quarter?

It's about seven minutes long, but if you asked me to explain all this to you, I'd likely take a half hour.

click her to watch video

The tools that they reference in their video are what I watch all day long. I'm streaming live bond market updates and am alerted via email, text and on the cell phone of movement in the market that will cause lenders to reprice for the worse (or better).

Is your lender doing this?

Rates are still great but won't be for long, so if you or someone you know is considering a refinance or purchase, please call now to research your specific options.