There are many variables that drive mortgage interest rates. Many people assume that when the Federal Reserve meets periodically, they are the ones that determine and set interest rates. The truth is mortgage rates are very fluid and change daily, sometimes multiple times each day.
In the video below Brian breaks down the external factors that determine daily mortgage rates. If you are a new home buyer or a current homeowner thinking about refinancing, you may find the video below helpful. Keep in mind that current rates are near historic low levels. If you are thinking about a home purchase or refinance, please call us at the number below.
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