Your Mortgage: Demystifying interest rates

I’ve explained before how difficult and confusing it is to try to predict what interest rates are going to do. When economic fundamentals are in play, predicting and forecasting rates can be quite simple and straightforward. However, the last decade has been far from fundamental, so it’s anything but simple.

Instead of trying to convince you that I have a crystal ball which allows me to accurately predict interest rate changes, I thought it might be more appropriate to discuss interest rate fundamentals. If you have an understanding of what influences and changes mortgage interest rates, you can be more confident when making borrowing decisions.