Current Mortgage Rates And How They Affect Home Sales Posted By : Brian Jenkins
Sep 23, 2008 in Mortgage
Current Mortgage Rates And How They Affect Home Sales Posted By : Brian Jenkins
There are a variety of factors that affect mortgage rates. Mortgage rates are tied to the fed rate, but they are also affected by supply and demand. At a time that home sales are high, mortgage rates may creep up, while sluggish home sales may prompt financial institutions to cut mortgage rates. Because the majority of people who will purchase a home will take on a mortgage, mortgage rates have a great deal of influence over home sales.