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What Drives Interest Rates?

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What Drives Mortgage Rates?

A wise man once said, 'For every action, there is an opposite and equal reaction...' (Isaac Newton). While this statement is typically applied to the study of physics, the same is true for mortgage rates. When one thing happens, something else is affected that may or may not reflect positively on mortgage interest rates. This helpful image portrays some common happenings in the United States and even globally that affect mortgage rates.

If you have any questions, or have decided that now is time to buy that house you've been wanting, reach out to a NOVA® Home Loans loan officer today!

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