What factors influence mortgage interest rates?

[Robby]

Mortgage interest rates are influenced by factors such as economic conditions, inflation, central bank policies, and bond market fluctuations. Lenders also consider borrower creditworthiness, loan term, down payment size, and loan-to-value ratio when determining interest rates. Monitoring market trends and maintaining a strong credit profile can help borrowers secure favorable interest rates when obtaining a mortgage.

[Joffery]

Mortgage interest rates are influenced by factors such as the borrower's credit score (higher scores get better rates), loan type (fixed or adjustable), loan term (shorter terms often have lower rates), economic conditions (inflation and the Federal Reserve's policies), and the down payment size (larger down payments typically result in lower rates). For instance, a high credit score and large down payment can secure a lower rate.