What moves mortgage rates from day to day, explained without forecasts
Why lenders price differently
Forecast-free answer
Lenders set their own margins, costs and appetite for certain loans, so two can price the same loan differently on the same day. Some sell loans quickly and some keep them, and each reacts to market moves on its own schedule. That is why comparing written estimates from the same day matters.
Last reviewed against the primary sources listed below.
Differences come from
- Operating costs and margins.
- How the lender funds and sells loans.
- How quickly it reprices.
Market questions
Why did two lenders quote different rates?
Each sets its own margins, costs and pricing schedule.
How do I compare lenders fairly?
Get written estimates on the same day for the same loan.