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Today's mortgage and refinance rates: January 28, 2022 | Rates stabilize after weeks of increasing

3 monthes ago   |   By Business Insider

Mortgage rates have already increased in 2022, but it's unlikely that they'll continue to spike at this rapid pace. In fact, rates have started to steady this week. "It still looks unlikely that rates will hit 4% this year, but it's within the realm of possibility as we are now squarely in the 3%+ range on 30-year fixed conventional mortgages ," Robert Heck, vice president of mortgage at Morty , told Insider. "While many economic indicators are strong and suggest continued market health over the coming year, factors like inflation, increasing rates, continued price growth, and the...
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