03/07/2022
Wayne Sherrill NMLS 107115 - American Pacific Mortgage
There are several economic factors that influence interest rates and can cause them to rise and fall—one of the biggest being the economy. When we have a strong and thriving economy like what we’re currently experiencing, inflation tends to follow and normally comes with an uptick in interest rates.
On the other hand, in a declining economy with higher unemployment levels and lower wages, rates are usually lower.
But those aren’t the only economic factors that impact interest rates! Supply and demand, the stock market, investor behavior, and the Federal Reserve are just a few of the additional drivers of interest rates.
To learn more about current interest rates, visit http://bit.ly/APMLoanAdvisor to connect with an APM Loan Advisor in your area.