Rising Interest Rates
Rates are rising! Take a look at the chart below. View the increase in your monthly payment as rates increase and how rising rates will affect your purchase price.
- A year ago, mortgage rates reached the latest record low in their history, 2021 the 30 year fixed mortgage rate was 2.65%.
- The first week of 2022, the 30 year fixed mortgage jumped to 3.22%.
- NAR forecasts mortgage rates to reach 3.7% at the end for this year.
With Mortgage Rates Climbing, Now's the Time To Act
