How Do I Find Current Mortgage Rates?

Mortgage interest rate refers to the loan interest rate in the form of a loan using real property as a mortgage.

Mortgage rate

Right!

Mortgage interest rate refers to the form of loan using real estate as mortgage

According to tradition

Specifically, factors affecting mortgage rates are expected

Among them, i represents the mortgage interest rate, r is the actual interest rate, f is the expected inflation rate, and P is the risk premium to compensate for various risks. The formula indicates that in order to ensure that the lender can obtain the expected real interest rate r, the loan interest rate i must also include the expected inflation rate f and a sufficient risk premium p to compensate for the various risks they bear. If the lender underestimates any of the factors in the above formula, it may suffer irreparable economic losses. ^[1]

However, considering only the above factors, the interest rate of the mortgage loan cannot be finally determined, because the term of the loan is also an important factor affecting the return of the mortgage loan.

The subscript 1 indicates the lender's expected value of each variable after one year.