Forget the fact that we’re experiencing unprecedentedly low mortgage rates right now. Forget the fact that homes are more affordable now than they have been in years past. Forget the fact that I’ve been telling you every single Thursday that you should refinance or buy a home now. As if those aren’t strong enough reasons to get a mortgage or refinance, closing costs also dropped.
Quicken Loans financial wiz (the guru himself, the man who lives and breathes mortgages) Bob Walters answers the age-old question “Why do mortgage interest rates change?”
Walters even touches on the second most popular age-old question, “When will mortgage rates rise?”
You can find answers to these and other great info in the video below.
Enjoy it and let us know if you have a question about mortgages or some other financial topic that you’d like Bob Walters to answer. I’m sure he’d be happy to oblige.
If you can’t see the video (you’re on an iPhone or something), watch our Why Mortgage Interest Rates Change video here.
Enjoy. Wait, I already said that.