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Today's mortgage and refinance rates: October 7, 2021

16 days ago   |   By Business Insider

Table of Contents: Masthead Sticky For three straight weeks, fixed rates have been inching upward while adjustable rates have been going down. Both fixed and adjustable rates are still relatively low overall, though. Low mortgage rates typically reflect a struggling economy, and the COVID-19 pandemic has hurt the US economy over the last year and a half. High inflation is usually a sign that an economy is growing, and inflation in the US has been spiking since early 2021. Many people wonder if mortgage rates will increase as inflation grows.
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