What factors affect the current mortgage rate? There are many and this can make it a problem to know what direction it will head going forward. The big external forces at work are the supply of mortgage loan financing available versus the demand for new mortgages among consumers. If the economy is doing well then generally more people will be able to buy homes and with this increased demand come higher rates, as banks are able to charge a little more for loans. The reverse is true when demand … [Read more...]