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News: January 20, 2022. The Mortgage Rates Continue to Rise in the United States
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@marcusantoniu26
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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