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Interest Rate Secrets: How Mortgage Rates Are DeterminedA rise in interest rates often means that it will cost you more to borrow money. A rise in interest rates may affect you if: you have a. A lender profits on your mortgage because you pay more in interest (the price it charges) than what they paid to borrow the money themselves (their funding. Rising interest rates may leave you with questions about how it could impact your mortgage payments. Discover how you can prepare for future rate increases.