Mortgage Interest Rates-how do they change?
Posted by Lisa Evans
on Nov 06, 2013
Brad Taunt, Regional Manager for iMortgage, 3rd largest privately owned mortgage company in US
The who-what-why-and when of the mortgage interest rate story...
WHO: The federal reserve determines interest rates.
WHAT: Governmental monetary policy, economics, inflation, war, natural disasters
WHY: supply and demand, mortgage backed securities purchases, inflation
WHEN: every business day, sometimes multiple times during the day. Currently very volatile market.
Thank you, Brad for speaking to us about this very interesting topic!