How Mortgage Rates work
Why are mortgage rates so important?
Mortgage shopping can be hard, but it is crucial to know how rates vary between each individual. Every day, we talk to clients who are looking for answers and struggling to find them. That’s why we walk each client through the process, laying out all available options for each situation.


What affects mortgage rates?
Lenders, both conventional and governmental, change their mortgage rates daily. Mortgage-Backed Securities (MBS) are traded in real time all day long, creating fluctuations in rates and pricing. Unfortunately, you won’t be able to control every factor that goes into determining rates.
Mortgage Rates for 8.26.22
30 Yr. Fixed
5.250%
APR 5.690%
15 Yr. Fixed
4.625%
APR 5.060%
30 Yr. Fixed FHA
4.625%
APR 5.822%
30 Yr. Fixed Jumbo
5.125%
APR 5.253%
