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What Drives Mortgage Rates | Dan's Real Estate Blog
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Dan's Real Estate Blog. Information and resources about real estate investing and rental property management. February 24, 2012. What Drives Mortgage Rates. There is no single factor that drives mortgage rates. First, there is a distinction between fixed- and variable-rate mortgages and second, the factors affecting the two rates are different. Fixed mortgage rates are mainly driven by bond markets. The Bank of Canada’s Prime Lending or overnight rate does. Comments… add one. June 4, 2016 at 2:27 pm.