A: Baseline mortgage rates are determined by the market, not individual lenders. Ironically though, the final rate that youll end up paying in interest isnt actually the baseline one.

Your lender will determine the final interest rate that you will pay based on several factors that are weighed alongside the baseline, including:

These touchpoints help them determine if youre perceived to be a responsible borrower, and how likely you are to repay any sums that are lent. Continue reading →