Understanding Mortgage Rates: A Conversation with Todd Smith of Bank Iowa | Financial Perspectives

This week, Matt Moklestad has a conversation with Todd Smith, the Mortgage Director at Bank Iowa, as he breaks down the complexities of mortgage rates. With nearly 30 years of experience in the banking and mortgage industry, Todd shares insights on how mortgage rates are determined, the factors that influence them, and tips for securing the best rates.
0:00 - Introduction
1:05 - How is a mortgage rate determined?
4:00 - Why does my rate vary between lenders?
7:03 - How do Adjustable-Rate Mortgages (ARMs) differ?
8:20 - Will the fed's latest rate cut impact mortgage rates?
11:20 - Closing Thoughts