Mortgage rates vary based on how the economy is doing today and its outlook. When the economy is doing well – meaning unemployment rates are low and spending is high – mortgage rates increase. When the economy isn’t doing as well, like when unemployment rates are high and the demand for oil is low, mortgage rates fall.
Understanding Today’s Rates And Their Impact
What is the Fed Funds Rate?
This material is intended solely for the use of real estate and mortgage professionals. Distribution to consumers is strictly prohibited. Details and rates are subject to change without notice. This is not a commitment to lend. If you have questions please reach out to us! We’re happy to help you through your mortgage journey!