If you're thinking about buying a home or refinancing, your mortgage rate is likely top of mind. But understanding why these rates fluctuate daily, and what's really driving them, is more complex than it seems.
Everyone's talking about 'interest rates today' because they've been on a wild ride, directly impacting housing affordability.
Mortgage rates soared from historic lows in 2020-2021 to multi-decade highs, making homeownership significantly more expensive.