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Mortgage Rates Beat 4% for First Time Since 2019

Friday, Mar 18 2022
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have eclipsed 4% for the first time in almost three years. So reports CNN.

Freddie Mac 300x300According to Freddie Mac, the average on the 30-year fixed-rate mortgage was 4.16% in the week ending March 17, up 31 basis points from the prior week.

“The Federal Reserve raising short-term rates and signaling further increases means mortgage rates should continue to rise over the course of the year," said Freddie Mac chief economist Sam Khater.

Read the full article from CNN. 

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