Mortgage rates continue to move upward, but not at a rapid pace. Average mortgage rates fell modestly yesterday. Unfortunately, that was the first drop after nine consecutive business days of rises. And 2022 continues to be a terrible year for those rates.
The average rate you’ll pay for a 30-year fixed mortgage is 4.48%, up 16 basis points over the last week.
It’s hard to know what to think in a market that is on a bull run. Prices have been rising steadily, but there are indications that they are about to fall. The question is how low and where they will go. If there is any chance that we are due a relatively brief period of modest falls, it’s worth watching those signals for the next week or so.
The average rate on a 30-year fixed-rate mortgage has increased by 0.312 percentage points from last week, and the increase comes in just one week since the last time the average rate on a 30-year fixed-rate mortgage was reported.
- Daily Mortgage Rates Moved Up This Week | March 19 & 20, 2022 Money
- Mortgage Rates Today, March 19 & Rate Forecast For Next Week The Mortgage Reports
- Today’s mortgage & refinance rates, March 18, 2022 | Rates rise Bankrate.com
- Mortgage rates jump above 4% — prompting borrowers to return to a staple of the housing bubble CBS News
- Mortgage rates for March 17 The Washington Post
- View Full Coverage on Google News