How mortgage rates are actually set for homebuyers. 🏡

What goes into determining your mortgage rate. The answer might be more complicated than you think. Mortgage rates closely follow the bond market, especially 10-year Treasury yields.Those yields move for all sorts of reasons, usually based on expectations about the economy and inflation. When the economy looks shaky, bond yields usually fall, and that can make mortgage rates fall, too. On the flip side, when there's really good economic data, bond yields usually rise, and then mortgage rates rise as well. S ...