Mortgage rates are driven by a few key factors.
Understanding them helps you make smarter decisions.
Inflation
Inflation is the biggest driver.
Higher inflation means higher rates.
Lower inflation means lower rates.
If you want help understanding today’s rate environment, connect with Better Rate Mortgage and we will walk through it.
Treasury Yields
Mortgage rates follow the 10 year Treasury.
When yields rise, rates rise.
When yields fall, rates fall.
Understanding this helps explain why rates move the way they do.
If you want to see how today’s rates impact your payment, reach out to Better Rate Mortgage and we will run the numbers together.
If you want a deeper breakdown of why rates have recently moved higher, read our full analysis on why mortgage rates are rising during Middle East tensions and oil price spikes.
