DownPayment

Lifestyle

Analyzing the Factors that Determine Mortgage Interest Rates and When They Are Likely to Go Down

Understanding the Relationship Between Mortgage Interest Rates and the Economy Mortgage interest rates are influenced by a variety of economic factors, including inflation, economic growth, and the overall state of the housing market. In general, when the economy is strong and there is robust demand for housing, mortgage rates tend to rise. Conversely, when the economy is weak and demand…