There are very few individuals who are able to make a home purchase without the assistance of mortgage companies. It seems only a select few are lucky enough to have enough money on hand to purchase a house outright. For the rest of us, 15-year or 30-year mortgage loans are typically necessary to be able to afford a home purchase. But mortgage rates are far from static. There are many factors that can influence the rate an individual receives—both factors that individuals can control, as well as those beyond any individual’s control. The following infographic covers just some of the factors that can affect your mortgage rate.