What are the macroeconomic forces that influence mortgage rates?

What are the macroeconomic forces that influence mortgage rates?
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answer:Personally I don’t see rates going up anytime soon. Check with your local Realtor and review the numbers of houses for sale. Right now there are a LOT in my area and the ratio of house for sale and qualified buyers is way off. This is a major factor at play. The glut of homes for sale is keeping home prices low, mortgage rates low and thwarting new housing starts. All 3 factors under so much pressure IMO will keep things stagnant for a good while longer. I think the Fed will have to do something in terms of tax incentives or lending incentives to get things moving again. Other forces is simply jobs and pay. People have not had raises that I know of and the lack of good jobs with all the layoffs and such a huge part of our work force underemployed have stifled the housing market bug time!
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