Rates follow the bond market.
Mortgage rates track investor demand for mortgage bonds, which changes every day.
Mortgage rates move every day with the bond market.
What moves the market
- Inflation reports
- Jobs data
- Federal Reserve outlook
- Investor demand for mortgage bonds
Inflation, jobs data and the Fed all move the market.
What sets your rate
- Credit score
- Down payment or equity
- Loan type & term
- How you’ll use the home
- Discount points
Your own rate depends on your credit, equity, loan type and points.
Less risk, lower rate
Higher credit, more equity
Usually qualifies for a lower rate.
Lower credit, less equity
Usually means a higher rate.
Less risk for the lender usually means a lower rate for you.
ZERO Closing Costs
We publish our rates every day, with ZERO Closing Costs (restrictions apply; see Offer details).
