{"id":9753,"date":"2025-01-28T23:34:22","date_gmt":"2025-01-28T23:34:22","guid":{"rendered":"https:\/\/griffinfunding.com\/?p=9753"},"modified":"2025-12-18T22:48:33","modified_gmt":"2025-12-18T22:48:33","slug":"what-affects-mortgage-rates","status":"publish","type":"post","link":"https:\/\/griffinfunding.com\/blog\/mortgage\/what-affects-mortgage-rates\/","title":{"rendered":"What Affects Mortgage Rates?"},"content":{"rendered":"<p>What determines mortgage rates is a complex interplay of market forces, economic conditions, and individual circumstances. While the daily rate movements might seem random, there&#8217;s actually a clear logic behind how these rates are set.<\/p>\n<p>So, how are mortgage interest rates determined? The process combines three core elements:<\/p>\n<ul>\n<li><strong>The overall economic environment<\/strong>: The economic environment includes factors like inflation, employment rates, and GDP growth \u2014 essentially, the economy\u2019s overall health.<\/li>\n<li><strong>The specific dynamics of the lending market<\/strong>: Factors like lender competition, operational costs, and secondary demand can influence rates in the lending market.<\/li>\n<li><strong>Your personal financial profile<\/strong>: Your personal financial circumstances, including credit history, down payment amount, savings for reserves, and chosen loan type, can cause your specific rates to go up or down.<\/li>\n<\/ul>\n<p>It&#8217;s important to note that you&#8217;ll see both interest rates and APRs quoted when you&#8217;re shopping for a mortgage. While they might seem similar, they tell different stories about your loan&#8217;s cost. Understanding the difference between your <a href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/apr-vs-interest-rate\/\">APR vs. interest rate<\/a> can help you make more accurate comparisons between loan offers and avoid surprises about the true cost of your mortgage.<\/p>\n<h2>What Factors Are Mortgage Rates Based On?<\/h2>\n<p>Mortgage rates are impacted by both external and personal factors:<\/p>\n<h3>External Factors That Affect Mortgage Rates<\/h3>\n<p><span style=\"font-weight: 400;\">The broader economic environment sets baseline mortgage rates. <\/span><span style=\"font-weight: 400;\">Here are some of the external factors that influence how mortgage interest rates are determined:<\/span><\/p>\n<ul>\n<li><strong>Economic growth:<\/strong> The economy&#8217;s overall health directly impacts mortgage rates through GDP growth and employment levels. When the economy is growing strongly, rates tend to rise as more people seek loans and have higher incomes. This increased demand for mortgages typically drives rates higher.<\/li>\n<li><strong>Inflation: <\/strong>Rising inflation typically leads to higher mortgage rates as lenders try to maintain their purchasing power over time. The relationship between <a href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/what-happens-to-house-prices-during-inflation\/\">inflation and the housing market<\/a> in terms of mortgage rates is particularly strong because mortgages are long-term loans, making them more vulnerable to inflation&#8217;s effects over time.<\/li>\n<li><strong>Federal Reserve policy: <\/strong>When the Federal Reserve adjusts its benchmark federal funds rate, mortgage rates typically move in response. The Fed&#8217;s monetary policy decisions are influential because they affect both the cost of funds for lenders and overall economic conditions.<\/li>\n<li><strong>Financial markets: <\/strong>The bond market, particularly the <a href=\"https:\/\/www.cnbc.com\/quotes\/US10Y\">10-year Treasury yield<\/a>, strongly correlates with mortgage rates. Mortgage rates typically follow suit when yields rise, as lenders base their rates partly on these market indicators.<\/li>\n<li><strong>Government policy:<\/strong> <a href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/housing-market-under-trump\/\">Federal housing policies<\/a> and lending regulations can dramatically impact mortgage rates. Changes in requirements for government-backed loans, modifications to lending programs, and shifts in housing policy all influence how lenders price their mortgages.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-9754 size-full aligncenter\" src=\"https:\/\/griffinfunding.com\/wp-content\/uploads\/2025\/01\/image2.jpg\" alt=\"The facade of the Federal Reserve building in Washington, DC.\u00a0\" width=\"1000\" height=\"667\" srcset=\"https:\/\/griffinfunding.com\/wp-content\/uploads\/2025\/01\/image2.jpg 1000w, https:\/\/griffinfunding.com\/wp-content\/uploads\/2025\/01\/image2-300x200.jpg 300w, https:\/\/griffinfunding.com\/wp-content\/uploads\/2025\/01\/image2-768x512.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<h3>Personal Factors That Affect Mortgage Rates<\/h3>\n<p>While external market forces create the overall rate environment, your individual financial situation and loan choices can significantly impact your offered rate:<\/p>\n<ul>\n<li><strong>Down payment amount: <\/strong>Lenders typically provide better rates to those who can put down 20% or more because it represents less risk.<\/li>\n<li><strong>Credit score: <\/strong>Higher credit scores typically earn lower rates. Most lenders view scores above 740 as excellent and offer their best rates to these borrowers.<\/li>\n<li><strong>Loan type: <\/strong>Different loan programs carry varying rate structures based on their level of risk and government backing. <a href=\"https:\/\/griffinfunding.com\/traditional-mortgages\/conventional-loans\/\">Conventional loans<\/a> often have different rates than <a href=\"https:\/\/griffinfunding.com\/traditional-mortgages\/fha-loans\/\">FHA loans<\/a>, <a href=\"https:\/\/griffinfunding.com\/traditional-mortgages\/usda-loans\/\">USDA loans<\/a>, or <a href=\"https:\/\/griffinfunding.com\/traditional-mortgages\/va-loans\/\">VA loans<\/a>, while <a href=\"https:\/\/griffinfunding.com\/non-qm-mortgages\/near-miss-jumbo\/\">jumbo loans<\/a> typically carry higher rates due to their size. Comparing an <a href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/adjustable-rate-mortage-vs-fixed-rate-mortgage\/\">adjustable vs. fixed-rate mortgage<\/a>, adjustable-rate mortgages (ARMs) start with lower rates than fixed-rate home loans but can change over time, making them a better fit for shorter-term homeownership plans. <a href=\"https:\/\/griffinfunding.com\/non-qm-mortgages\/\">Non-QM loans<\/a> range from as low as 1.5 points higher than conventional loans to as high as 4 points higher due to their alternative method of proving income.<\/li>\n<li><strong>Lender used: <\/strong>Each lender sets their own rates based on their business goals, operating costs, and current capacity. Shopping among multiple lenders can result in significant rate differences for the same loan scenario.<\/li>\n<li><strong>Loan officer<\/strong>: Most loan officers are compensated a flat percentage based on the size of the loan amount. More experienced loan officers with higher volume may be able to offer lower rates than those who are less experienced with lower volume. Obtaining a loan from a part-time loan officer who is closing less than one loan per month will likely not lead to lower rates.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>DTI ratio: <\/b><span style=\"font-weight: 400;\">Your <\/span><a href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/dti-ratio-calculator\/\"><span style=\"font-weight: 400;\">debt-to-income ratio<\/span><\/a><span style=\"font-weight: 400;\"> helps lenders assess your ability to manage monthly payments. Lower ratios typically qualify for better rates because they indicate you have more room in your budget for mortgage payments.<\/span><\/li>\n<li><strong>Discount points: <\/strong>Buying discount points allows you to &#8220;buy down&#8221; your interest rate at closing. Each point typically costs 1% of your loan amount and can reduce your mortgage rate by 0.25%, though the exact reduction varies by lender.<\/li>\n<li><strong>Assets<\/strong>: The amount of reserves you have saved both in liquid and non-liquid assets demonstrates your financial discipline and ability to repay. The more reserves you have, the less risk you are to the lender.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Property type: <\/b><span style=\"font-weight: 400;\">The type of property you\u2019re financing affects your rate because different properties carry different levels of risk. Primary residences usually receive the best rates, while<\/span> <a href=\"https:\/\/griffinfunding.com\/traditional-mortgages\/investment-property-loans\/\"><span style=\"font-weight: 400;\">investment properties<\/span><\/a><span style=\"font-weight: 400;\"> and second homes typically have higher rates due to increased risk.<\/span><\/li>\n<\/ul>\n<h2>See What Rate You Qualify for<\/h2>\n<p><span style=\"font-weight: 400;\">When it comes to who determines interest rates, there\u2019s no easy answer. A mix of external and personal factors impact the mortgage rate you qualify for.<\/span><\/p>\n<p>While you can\u2019t control everything that affects mortgage rates, you can control how prepared you are when you apply. Whether rates are trending up or down, having a solid financial profile and working with the right lender can significantly affect the rate you\u2019re offered.<\/p>\n<p>Ready to explore your options? The team at Griffin Funding is here to help. Take the guesswork out of homebuying with the <a href=\"https:\/\/gold.griffinfunding.com\/pfm\/registration\/invite?key=1c204fd9-839b-4775-aed1-9844766b60a6\">Griffin Gold app<\/a>. Instead of wondering what you can afford or if you&#8217;re ready to buy, you&#8217;ll get a personalized homeownership blueprint based on your unique situation. Compare different buying scenarios, track your progress, and get customized strategies to improve your credit score.<\/p>\n<p>Whether you\u2019re buying your first home or <a href=\"https:\/\/griffinfunding.com\/mortgage-solutions\/mortgage-refinance\/\">refinancing your mortgage<\/a>, we&#8217;ll walk you through your options and help you find a loan that fits your needs. <a href=\"#popmake-6804\">Apply for a mortgage<\/a> with Griffin Funding.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What determines mortgage rates is a complex interplay of market forces, economic conditions, and individual circumstances. While the daily rate movements might seem random, there&#8217;s actually a clear logic behind how these rates are set. So, how are mortgage interest rates determined? The process combines three core elements: The overall economic environment: The economic environment<a class=\"moretag\" href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/what-affects-mortgage-rates\/\">&#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":11220,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[100],"tags":[],"class_list":["post-9753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What Affects Mortgage Rates? 14 Key Factors | Griffin Funding<\/title>\n<meta name=\"description\" content=\"Mortgage rates are affected by both personal factors specific to the borrower and larger external factors. Learn more about what determines mortgage rates.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/griffinfunding.com\/blog\/mortgage\/what-affects-mortgage-rates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Affects Mortgage Rates?\" \/>\n<meta property=\"og:description\" content=\"Mortgage rates are affected by both personal factors specific to the borrower and larger external factors. Learn more about what determines mortgage rates.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/griffinfunding.com\/blog\/mortgage\/what-affects-mortgage-rates\/\" \/>\n<meta property=\"og:site_name\" content=\"Griffin Funding\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/griffinfunding\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/griffinfunding\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-28T23:34:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-18T22:48:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/griffinfunding.com\/wp-content\/uploads\/2025\/01\/WhatAffectsMortgageRates.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1068\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Bill Lyons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/griffinfunding\" \/>\n<meta name=\"twitter:site\" content=\"@griffinfunding\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bill Lyons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/what-affects-mortgage-rates\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/what-affects-mortgage-rates\\\/\"},\"author\":{\"name\":\"Bill Lyons\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#\\\/schema\\\/person\\\/83571cd7f738a7f95cae1a44ad0b7ef1\"},\"headline\":\"What Affects Mortgage Rates?\",\"datePublished\":\"2025-01-28T23:34:22+00:00\",\"dateModified\":\"2025-12-18T22:48:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/what-affects-mortgage-rates\\\/\"},\"wordCount\":1032,\"publisher\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/what-affects-mortgage-rates\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/griffinfunding.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/WhatAffectsMortgageRates.png\",\"articleSection\":[\"Mortgage\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/what-affects-mortgage-rates\\\/\",\"url\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/what-affects-mortgage-rates\\\/\",\"name\":\"What Affects Mortgage Rates? 14 Key Factors | Griffin Funding\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/what-affects-mortgage-rates\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/what-affects-mortgage-rates\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/griffinfunding.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/WhatAffectsMortgageRates.png\",\"datePublished\":\"2025-01-28T23:34:22+00:00\",\"dateModified\":\"2025-12-18T22:48:33+00:00\",\"description\":\"Mortgage rates are affected by both personal factors specific to the borrower and larger external factors. Learn more about what determines mortgage rates.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/what-affects-mortgage-rates\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/what-affects-mortgage-rates\\\/\"]}],\"about\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#organization\"}},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/what-affects-mortgage-rates\\\/#primaryimage\",\"url\":\"https:\\\/\\\/griffinfunding.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/WhatAffectsMortgageRates.png\",\"contentUrl\":\"https:\\\/\\\/griffinfunding.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/WhatAffectsMortgageRates.png\",\"width\":1600,\"height\":1068},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/mortgage\\\/what-affects-mortgage-rates\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/griffinfunding.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mortgage\",\"item\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/category\\\/mortgage\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"What Affects Mortgage Rates?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#website\",\"url\":\"https:\\\/\\\/griffinfunding.com\\\/\",\"name\":\"Griffin Funding\",\"description\":\"Mortgages &amp; Home Loan Lenders\",\"publisher\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/griffinfunding.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#organization\",\"name\":\"Griffin Funding\",\"url\":\"https:\\\/\\\/griffinfunding.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/griffinfunding.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/griffinteamlogo-42.jpg\",\"contentUrl\":\"https:\\\/\\\/griffinfunding.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/griffinteamlogo-42.jpg\",\"width\":500,\"height\":500,\"caption\":\"Griffin Funding\"},\"image\":{\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/griffinfunding\",\"https:\\\/\\\/x.com\\\/griffinfunding\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/griffin-funding\",\"https:\\\/\\\/www.youtube.com\\\/@griffinfunding\",\"https:\\\/\\\/www.instagram.com\\\/griffin_funding\",\"https:\\\/\\\/www.bbb.org\\\/us\\\/ca\\\/san-diego\\\/profile\\\/mortgage-lenders\\\/griffin-funding-1126-172009171\",\"https:\\\/\\\/www.zillow.com\\\/lender-profile\\\/griffinfunding\\\/\",\"https:\\\/\\\/www.experience.com\\\/reviews\\\/company\\\/griffin-funding-1426\"],\"description\":\"Griffin Funding, founded in 2013, is a nationwide direct-to-consumer mortgage lender that specializes in bank statement loans for the self-employed, DSCR loans for real estate investors, VA loans for veterans and active-duty military, and home equity loans for homeowners. Griffin Funding is dedicated to delivering 5-star service, a fully-digital easy-to-use experience, and financial expertise.\",\"email\":\"info@griffinfunding.com\",\"telephone\":\"8005275910\",\"legalName\":\"Griffin Funding, Inc.\",\"foundingDate\":\"2013-09-17\",\"duns\":\"07-979-5037\",\"leiCode\":\"5493002WVA17MT4UFH84\",\"naics\":\"522292\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"51\",\"maxValue\":\"200\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/griffinfunding.com\\\/#\\\/schema\\\/person\\\/83571cd7f738a7f95cae1a44ad0b7ef1\",\"name\":\"Bill Lyons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c0b679e4960454cca8759c2cccd0b4dcf2acd3f5bb2ef255efd806cf23263763?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c0b679e4960454cca8759c2cccd0b4dcf2acd3f5bb2ef255efd806cf23263763?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c0b679e4960454cca8759c2cccd0b4dcf2acd3f5bb2ef255efd806cf23263763?s=96&d=mm&r=g\",\"caption\":\"Bill Lyons\"},\"description\":\"Bill Lyons is the Founder, CEO &amp; President of Griffin Funding. Founded in 2013, Griffin Funding is a national boutique mortgage lender focusing on delivering 5-star service to its clients. Mr. Lyons has 25 years of experience in the mortgage business. Lyons is seen as an industry leader and expert in real estate finance. Lyons has been featured in Forbes, Inc., Wall Street Journal, HousingWire, and more. As a member of the Mortgage Bankers Association, Lyons is able to keep up with important changes in the industry to deliver the most value to Griffin's clients. Under Lyons' leadership, Griffin Funding has made the Inc. 5000 fastest-growing companies list five times in its 12 years in business. Follow his updates on LinkedIn.\",\"sameAs\":[\"https:\\\/\\\/griffinfunding.com\\\/our-team\\\/bill-lyons\\\/\",\"https:\\\/\\\/www.facebook.com\\\/griffinfunding\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/lyons\\\/\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/x.com\\\/griffinfunding\",\"https:\\\/\\\/www.youtube.com\\\/@Griffinfunding\"],\"url\":\"https:\\\/\\\/griffinfunding.com\\\/blog\\\/author\\\/griffinfunding\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What Affects Mortgage Rates? 14 Key Factors | Griffin Funding","description":"Mortgage rates are affected by both personal factors specific to the borrower and larger external factors. Learn more about what determines mortgage rates.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/griffinfunding.com\/blog\/mortgage\/what-affects-mortgage-rates\/","og_locale":"en_US","og_type":"article","og_title":"What Affects Mortgage Rates?","og_description":"Mortgage rates are affected by both personal factors specific to the borrower and larger external factors. Learn more about what determines mortgage rates.","og_url":"https:\/\/griffinfunding.com\/blog\/mortgage\/what-affects-mortgage-rates\/","og_site_name":"Griffin Funding","article_publisher":"https:\/\/www.facebook.com\/griffinfunding","article_author":"https:\/\/www.facebook.com\/griffinfunding","article_published_time":"2025-01-28T23:34:22+00:00","article_modified_time":"2025-12-18T22:48:33+00:00","og_image":[{"width":1600,"height":1068,"url":"https:\/\/griffinfunding.com\/wp-content\/uploads\/2025\/01\/WhatAffectsMortgageRates.png","type":"image\/png"}],"author":"Bill Lyons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/x.com\/griffinfunding","twitter_site":"@griffinfunding","twitter_misc":{"Written by":"Bill Lyons","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/what-affects-mortgage-rates\/#article","isPartOf":{"@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/what-affects-mortgage-rates\/"},"author":{"name":"Bill Lyons","@id":"https:\/\/griffinfunding.com\/#\/schema\/person\/83571cd7f738a7f95cae1a44ad0b7ef1"},"headline":"What Affects Mortgage Rates?","datePublished":"2025-01-28T23:34:22+00:00","dateModified":"2025-12-18T22:48:33+00:00","mainEntityOfPage":{"@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/what-affects-mortgage-rates\/"},"wordCount":1032,"publisher":{"@id":"https:\/\/griffinfunding.com\/#organization"},"image":{"@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/what-affects-mortgage-rates\/#primaryimage"},"thumbnailUrl":"https:\/\/griffinfunding.com\/wp-content\/uploads\/2025\/01\/WhatAffectsMortgageRates.png","articleSection":["Mortgage"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/what-affects-mortgage-rates\/","url":"https:\/\/griffinfunding.com\/blog\/mortgage\/what-affects-mortgage-rates\/","name":"What Affects Mortgage Rates? 14 Key Factors | Griffin Funding","isPartOf":{"@id":"https:\/\/griffinfunding.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/what-affects-mortgage-rates\/#primaryimage"},"image":{"@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/what-affects-mortgage-rates\/#primaryimage"},"thumbnailUrl":"https:\/\/griffinfunding.com\/wp-content\/uploads\/2025\/01\/WhatAffectsMortgageRates.png","datePublished":"2025-01-28T23:34:22+00:00","dateModified":"2025-12-18T22:48:33+00:00","description":"Mortgage rates are affected by both personal factors specific to the borrower and larger external factors. Learn more about what determines mortgage rates.","breadcrumb":{"@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/what-affects-mortgage-rates\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/griffinfunding.com\/blog\/mortgage\/what-affects-mortgage-rates\/"]}],"about":{"@id":"https:\/\/griffinfunding.com\/#organization"}},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/what-affects-mortgage-rates\/#primaryimage","url":"https:\/\/griffinfunding.com\/wp-content\/uploads\/2025\/01\/WhatAffectsMortgageRates.png","contentUrl":"https:\/\/griffinfunding.com\/wp-content\/uploads\/2025\/01\/WhatAffectsMortgageRates.png","width":1600,"height":1068},{"@type":"BreadcrumbList","@id":"https:\/\/griffinfunding.com\/blog\/mortgage\/what-affects-mortgage-rates\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/griffinfunding.com\/"},{"@type":"ListItem","position":2,"name":"Mortgage","item":"https:\/\/griffinfunding.com\/blog\/category\/mortgage\/"},{"@type":"ListItem","position":3,"name":"What Affects Mortgage Rates?"}]},{"@type":"WebSite","@id":"https:\/\/griffinfunding.com\/#website","url":"https:\/\/griffinfunding.com\/","name":"Griffin Funding","description":"Mortgages &amp; Home Loan Lenders","publisher":{"@id":"https:\/\/griffinfunding.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/griffinfunding.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/griffinfunding.com\/#organization","name":"Griffin Funding","url":"https:\/\/griffinfunding.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/griffinfunding.com\/#\/schema\/logo\/image\/","url":"https:\/\/griffinfunding.com\/wp-content\/uploads\/2020\/09\/griffinteamlogo-42.jpg","contentUrl":"https:\/\/griffinfunding.com\/wp-content\/uploads\/2020\/09\/griffinteamlogo-42.jpg","width":500,"height":500,"caption":"Griffin Funding"},"image":{"@id":"https:\/\/griffinfunding.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/griffinfunding","https:\/\/x.com\/griffinfunding","https:\/\/www.linkedin.com\/company\/griffin-funding","https:\/\/www.youtube.com\/@griffinfunding","https:\/\/www.instagram.com\/griffin_funding","https:\/\/www.bbb.org\/us\/ca\/san-diego\/profile\/mortgage-lenders\/griffin-funding-1126-172009171","https:\/\/www.zillow.com\/lender-profile\/griffinfunding\/","https:\/\/www.experience.com\/reviews\/company\/griffin-funding-1426"],"description":"Griffin Funding, founded in 2013, is a nationwide direct-to-consumer mortgage lender that specializes in bank statement loans for the self-employed, DSCR loans for real estate investors, VA loans for veterans and active-duty military, and home equity loans for homeowners. Griffin Funding is dedicated to delivering 5-star service, a fully-digital easy-to-use experience, and financial expertise.","email":"info@griffinfunding.com","telephone":"8005275910","legalName":"Griffin Funding, Inc.","foundingDate":"2013-09-17","duns":"07-979-5037","leiCode":"5493002WVA17MT4UFH84","naics":"522292","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"51","maxValue":"200"}},{"@type":"Person","@id":"https:\/\/griffinfunding.com\/#\/schema\/person\/83571cd7f738a7f95cae1a44ad0b7ef1","name":"Bill Lyons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c0b679e4960454cca8759c2cccd0b4dcf2acd3f5bb2ef255efd806cf23263763?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c0b679e4960454cca8759c2cccd0b4dcf2acd3f5bb2ef255efd806cf23263763?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c0b679e4960454cca8759c2cccd0b4dcf2acd3f5bb2ef255efd806cf23263763?s=96&d=mm&r=g","caption":"Bill Lyons"},"description":"Bill Lyons is the Founder, CEO &amp; President of Griffin Funding. Founded in 2013, Griffin Funding is a national boutique mortgage lender focusing on delivering 5-star service to its clients. Mr. Lyons has 25 years of experience in the mortgage business. Lyons is seen as an industry leader and expert in real estate finance. Lyons has been featured in Forbes, Inc., Wall Street Journal, HousingWire, and more. As a member of the Mortgage Bankers Association, Lyons is able to keep up with important changes in the industry to deliver the most value to Griffin's clients. Under Lyons' leadership, Griffin Funding has made the Inc. 5000 fastest-growing companies list five times in its 12 years in business. Follow his updates on LinkedIn.","sameAs":["https:\/\/griffinfunding.com\/our-team\/bill-lyons\/","https:\/\/www.facebook.com\/griffinfunding","https:\/\/www.linkedin.com\/in\/lyons\/","https:\/\/x.com\/https:\/\/x.com\/griffinfunding","https:\/\/www.youtube.com\/@Griffinfunding"],"url":"https:\/\/griffinfunding.com\/blog\/author\/griffinfunding\/"}]}},"_links":{"self":[{"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/posts\/9753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/comments?post=9753"}],"version-history":[{"count":0,"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/posts\/9753\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/media\/11220"}],"wp:attachment":[{"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/media?parent=9753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/categories?post=9753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/griffinfunding.com\/wp-json\/wp\/v2\/tags?post=9753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}