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Why do mortgage interest rates fluctuate?
So what factors do influence mortgage rate alberta? How much influence do variables outside of the market have on mortgage rates? Just how important are unemployment and price increases? What repercussions do rising political tensions and negative news have on the world? All of these things can affect the cost of your ideal home. Fortunately, the Federal Reserve makes decisions that aim to boost employment and limit price increases as it steers the U.S. economy. Therefore, mortgage rates are sensitive to choices made by the Federal Open Market Committee, which guides economic and financial policy. Mortgage rates are influenced by the economy as a whole, and inflation is a major…