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  2. Factors affecting mortgage rates today include123:
    • Inflation: Rise in prices for goods and services.
    • Rate of Economic Growth: GDP and employment rate.
    • Federal Reserve Monetary Policy.
    • Bond Market.
    • Housing Market Conditions.
    • Credit Score: High score means less risk to lenders.
    • Down Payment: Lenders want you to be invested in the home.
    • Loan-To-Value Ratio.
    • Occupancy.
    Learn more:

    The Most Important Factors Affecting Mortgage Rates

    • Inflation Inflation refers to the rise in prices for goods and services.
    www.investopedia.com/mortgage/mortgage-rates/f…

    They are:

    • Your credit score
    • Your home’s location
    • The home price and loan amount
    • Your down payment
    • The type of loan and its length
    www.bankrate.com/mortgages/how-interest-rates-a…

    What Personal Factors Affect Mortgage Rates?

    • Credit Score A high credit score means you’re seen as less of a risk to lenders – you pay your bills on time and don’t overextend your credit.
    www.rocketmortgage.com/learn/how-are-mortgag…
     
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