How mortgage rates are calculated

Mortgage rates aren't just [music] calculated at random. There are two important parts that go into it. First of all, [music] based on the financial markets, and second of all, based on you, the borrower.[music] Let's break it down. First, the financial markets. Now, any kind of loan, a car loan, a mortgage, [music] even corporate loans, they're all based on US Treasury rates, that is US debt, the US government [music] debt, and that trades in the market and changes based on several things. It changes based ...