mortgage interest rate

[wesawitbleed]

What is the name of your state (only U.S. law)? california

when applying for a fixed mortgage, how is the interest rate factored?

thanks in advance.

 

[dmiller12]

when applying for a fixed mortgage, how is the interest rate factored?

Interest rates are factored based upon a number of different variables such as market conditions, risk, type of transaction, credit rating etc...