Jan 14, 2022

MORTGAGE RATES


MORTGAGE RATES

AVERAGE LONG-TERM MORTGAGE RATES JUMPED AGAIN THIS PAST WEEK, REACHING THEIR HIGHEST LEVEL SINCE MARCH 2020, JUST AS THE PANDEMIC WAS STARTING IN THE U-S. 
MORTGAGE BUYER FREDDIE MAC REPORTS TODAY THAT THE AVERAGE RATE ON 30-YEAR HOME LOAN ROSE TO 3.45% THIS WEEK FROM 3.22% LAST WEEK AND UP NEARLY SEVEN-TENTHS OF A POINT FROM A YEAR AGO. THE AVERAGE RATE ON 15-YEAR, FIXED-RATE MORTGAGES, POPULAR AMONG THOSE REFINANCING THEIR HOMES, ROSE TO 2.62% FROM 2.43% LAST WEEK.


Severe Weather Alert