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Today's mortgage and refinance rates: May 24, 2022 | Rates remain below 5%

1 month ago   |   By Business Insider

Mortgage rates have been holding steady below 5% for the past few days. After months of continued increases, rates have been less predictable in recent weeks. "The fluctuations in rates over the past few weeks reflect continued volatility and uncertainty in both the mortgage and housing markets but also in the economy overall," says Robert Heck, vice president of mortgage at Morty. Whether rates will rise again or remain at their current levels depends largely on where inflation goes from here, Heck says. "If inflation were to spiral out of control and spur the Fed to take even more...
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