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Today's mortgage and refinance rates: January 27, 2022 | Rates are already spiking in 2022

3 monthes ago   |   By Business Insider

Fixed mortgage rates have been increasing over the past few weeks. However, we shouldn't necessarily expect rates to keep rising as rapidly as they have been. "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 potential for...
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