- The Truth About Mortgage Rates in 2022 - Why Are They Rising?

Описание: Mortgage rates! Everyone loves talking about them! 😅 here's what to know about what mortgages rates are doing and a little bit on what to expect.

Jan 13th 2022 rates for a 30 year were at 3.45%
Oct 27th 2022 rates for a 30 year were at 7.08%
Dec 29th 2022 rates for a 30 year are at 6.42%

It is my prediction we will see a slight raise and stabilizing in the coming months until Q2, before we see a steady decline in rates towards the second half of 2023.

If a 7% rate was too high for you, it may be time to contact a lender to see if the current rate is more in line with your budget! Don't hesitate to reach out to get that plan started!