Current mortgage rates are also determined by any risks in the housing market.

Taking this and other factors into account, it can be fairly confidently stated that interest rates will be increasing at some point in the near term. If you want to make the most of the low interest rates currently available, now could be the time to buy a home or refinance your current mortgage.

Two factors that cause a rise in current mortgage rates are inflation and a reduced availability of credit. Interest rates become affected by inflation when banks add an annualized percentage rate of inflation onto your mortgage. Predictions of future mortgage rates take the supply of money available for lending and whether it is growing or diminishing-and likewise its demand-into account.

While current mortgage rates are lower than they have been in many years, it can be hard to say where rates are headed. When looking for low current mortgage rates and considering what could be deemed an accurate prediction of what they will be in the future, remember that predicting interest rates is not too different from making weather predictions. Interest rates become affected by inflation when banks add an annualized percentage rate of inflation onto your mortgage. If you want to make the most of the low interest rates currently available, now could be the time to buy a home or refinance your current mortgage.

While current mortgage rates are lower than they have been in many years, it can be hard to say where rates are headed. Not to say that they run on systems with no order to them, but rather the complex formulas that determine mortgage interest rates are determined by self-referential components.

When looking for low current mortgage rates and considering what could be deemed an accurate prediction of what they will be in the future, remember that predicting interest rates is not too different from making weather predictions. The same way climate provides meteorologists with a broad indication of temperature, the economic climate can give a broad indication of mortgage interest rates and how they may be changing.

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