In a free market system the price of a good is determined by the supply and demand for a good. When the supply of a good falls or the demand increases, prices go up. The opposite is true when the supply increases or the demand falls. This basic economic rule holds true for mortgage rates.
Mortgage rates are driven by a very liquid market where millions of transactions take place daily. In this article we’ll talk about this market, and what you, the consumer, can keep an eye on to track rates and perhaps form an opinion on which direction rates might be going…
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