Rates

Many homeowners and prospective buyers are eagerly awaiting a return to “normal” mortgage rates. However, mortgage rates are influenced by multiple factors, including the overall state of the economy, inflation, the central bank’s monetary policy, and the demand for mortgage-backed…

Mortgage interest rates affect your monthly payments which impact the affordability of homeownership. Below are the factors that influence mortgage interest rates and how they can impact your financial decisions. Monetary Policy: The actions taken by central banks, such as…