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Refinance Purchase Home Equity

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Why Do Mortgage Rates Fluctuate?

By Bob Redtree

Mortgage rates can fluctuate for a variety of reasons. The government can impact mortgage rates. Private sectors factors can also cause mortgage rates to fluctuate. There are plenty of people out there who would prefer that the private sector be the only part of the economy that can impact mortgage rates. With Fannie Mae and Freddie Mac controlling so much of the housing market, there seems to be more worry about how government policy can impact the mortgage market more than ever before. The people who buy homes out there are hoping for a low interest rate, but they don’t always get one.

Housing Markets

People like Henry Cisneros can have a major impact on issues involving the housing market. If a former Secretary of Housing and Urban Development says that the housing market is having a particularly bad downturn then people are going to take note. Some people are going to take action. You will see housing prices fluctuate because of this. In some communities, they may stay stagnant, but the true real estate professionals in a community are going to take note and make changes. These can often be changes to their own housing portfolios. Consumers really have to watch out for these updates. The market can impact your own mortgage rate.

Chairman of the Federal Reserve

The Chairman of the Federal Reserve Ben Bernake can also have a major impact on how exactly how much mortgage rates fluctuate. You want to be paying attention to what the man says about interest rates if you happen to be a home builder. This can have a noticeable impact on your market and indeed cause mortgage rates to fluctuate. People in both the private and public sectors listen to Bernake with good reason.

Related posts:

1. Will Rising Mortgage Interest Rates Stop Housing Recovery?
2. What Causes Mortgage Rates To Fluctuate?
3. What Causes Home Mortgage Interest Rates To Fluctuate?
4. Will Low Mortgage Rates Last?
5. Why Aren’t Mortgage Rates Rising Faster?