How AZ Mortgage Rates Are Determined

Anyone looking for a new Phoenix area mortgage also wants the best rate for their home loan.  Oftentimes, understanding what drives home loan rates helps obtain the best rate. How are Home Loan Rates Determined? First, no person or entity controls home loan interest rates.  Instead, much like stock price mortgage rates move due to secondary market activity.  In fact, home loan rate depend on the yield and price of mortgage bonds.   These bonds are bought and sold daily on an open market much … [Read more...]