| Interest rates are based upon the performance of | | | | exchange that helps to set the rates people are |
| stocks and bonds on the exchange markets that | | | | paying for their homes. |
| reflect how the economy is doing and how much | | | | While all of the mathematical equations and |
| confidence the American people have in the | | | | explanations are beyond the understanding of most |
| performance of available stocks. As stocks rise so do | | | | people there is a connection to the amount of money |
| interest rates as consumer confidence reflects that | | | | people spend and what the interest rates will be for a |
| people are willing to spend and have money to do so. | | | | home purchase or refinance. When it comes time to |
| The factors of inflation and unemployment also affect | | | | buy or refinance a home the interest offered to the |
| interest that are set the federal reserve, who are the | | | | borrower are the only thing that matter and it is up to |
| same institution that prints money and holds a supply | | | | the individual to secure and lock in the best interest |
| of gold that is equivalent to the value of the money | | | | rate possible by speaking to a mortgage lender and |
| circulating throughout the world. | | | | determining when and where the best time to |
| While people are concerned about their spending and | | | | refinance of buy a home may be. Although it is not an |
| what the stock performance will be very few people | | | | exact science a mortgage broker can help to find the |
| have an actual grasp of how the Federal Reserve | | | | best interest rates with the options of conventional, |
| Bank affects the economy and how an interest rate | | | | FHA and VA home loans. |
| for a mortgage can be determined by a stock | | | | |