Your Mortgage Rate and Borrowing Power is Based on 8 variables.

	Employment History
	Liquid Assets
	Credit Score(s)
	Loan-to-Value
	Loan Amount
	Income Documentation
	Debt-to-Income Ratio
	Bond & Security Rates

All these factors are taken into consideration when you apply for a Mortgage. The higher your credit score, the lower your rate. The More Liquid assets you have, the lower your rate and so forth.

Fixed Mortgage Rates are most influenced by Mortgage Bonds and 30 Year Mortgage Backed Securities. When money flows into equities (stocks) this causes the stock market to rise. The Bond Market, in order to compete for funds must raise their return rates. This action drives the price of the Bonds down and the Mortgage Rates Up.