What factors impact Boston condo mortgage rates
Boston Condos for Sale Search
What factors impact Boston condo mortgage rates
Factors that impact mortgage rates
Mortgage rates can fluctuate daily. Multiple factors affect mortgage interest rates, and here are some of the most common:
Federal funds rate: Mortgage rates typically increase when the Fed rate increases and decrease when the Fed rate decreases.
10-year Treasury yield: Because mortgages are longer-term loans, their rates follow the 10-year Treasury yield’s movements even more than shorter-term yields (like the fed funds rate).
Inflation: You’ll usually see mortgage rates increase when inflation rises more aggressively than economists expect.
Global events: Investors’ perceptions of events like the U.S. presidential election or tariffs imposed on other countries can impact home loan rates either way.
Economic conditions: Mortgage interest rates tend to increase when the economy thrives and decrease when the economy struggles.
Job market: Since the job market is part of the overall economy, rates tend to increase when the job market is doing well.
Home-buyer demand: The more demand in the housing market, the higher the rates.
These are factors you can’t control. However, a mortgage lender may give you a better interest rate if your personal finances are strong.
Source: Yahoo/finance
Peace be with you
Ford Realty Inc 2024 Google Reviews
Where is Ford Realty Located?
Ford Realty is located in 137 Charles Street in Beacon Hill
