The 2022 forecast for mortgages rates are expected to increase. Mortgage rates are being negatively impacted by raising interest rates and inflationary pressures. While hovering around 5% the 30-year fixed is anticipated to increase to the 6% range during 2022. The Fed expects to raise rates to slow the rate of inflation caused by rising energy and food costs supplemented by the War in Ukraine and disruption in global supply chains. Contact Realtor Eric Radecki affiliated with Coldwell Banker Realty to discuss mortgage rates and professional real estate services. Call today 475-245-4205

Most recent mortgage rate forecast provided by industry expert at The Wall Street Journal. Click here