How and why do interest rates change?
Many people are surprised to learn that rates change on a daily, and sometimes hourly, basis. Interest rates fluctuate in response to changes in the financial markets. The bond market is generally a good indicator of the general trend of interest rates. Please feel free to visit the Rate Update section of our website. This feature will give you an idea of what is driving rates on any given day and what the general trend has been as of late. If you have a home purchase pending we will update you on market conditions throughout your loan process to insure we lock in the best terms possible.
