Daily Mortgage Rates Moved Up This Week | March 19 & 20, 2022 – Money

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.

%d bloggers like this: