Posts

News: January 20, 2022. The Mortgage Rates Continue to Rise in the United States

avatar of @marcusantoniu26
25
@marcusantoniu26
·
0 views
·
1 min read

The mortgage rates in the Unites States continue to rise. The average 30-year loan reached 3.56% as reported by Freddie Mac. Last week it was at 3.45%. One year ago, this same rate was at 2.77%.

The average rate on the 15-year loan, fixed-rate, increased to 2.79% from 2.62% last week. A year ago, this rate was at 2.21%.

The mortgage rates are expected to continue to rise this year after the Federal Reserve announced that it would begin scaling down its monthly bond purchases in order to slow the inflation rate.

For further information check this article

Source of graph

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.