Current Mortgage Rates and How They Affect Home Sales
August 2, 2010 by Editor
Filed under About Mortgages
There are a variety of factors that affect mortgage rates. Mortgage rates are tied to the fed rate, but they are also affected by supply and demand. At a time that home sales are high, mortgage rates may creep up, while sluggish home sales may prompt financial institutions to cut mortgage rates. Because the majority […]