Have you ever wondered what makes interest rates go up and down? Mortgage rates can be tied to a number of different factors. There are actually 6 main factors that drive the world of mortgage rates. They include:
- Economic Data
- Inflationary Pressure
- Stock Market
- The Federal Reserve
- Geo-Politics
- Other Global Events
The six of these combine together to form and define the world of mortgage rates. Check out the graphic provided by Vantage Productions for more information.
