Where Are Mortgage Rates Going from Here?
Greg McBride, Chief Financial Analyst, Bankrate:
Nadia Evangelou, Senior Economist and Director of Forecasting, National Association of Realtors (NAR):
Len Kiefer, Deputy Chief Economist, Freddie Mac:
Danielle Hale, Chief Economist, realtor.com:
What Does This Mean for You if You’re Looking To Buy a Home?
Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual to show how mortgage rate movement throughout 2021 was steady compared to the rapid increase in mortgage rates this year: