Mortgage Rates, where are they headed in 2022?
(Published on - 4/4/2022 8:32:46 PM)
Mortgage Rates, where are they headed in 2022?
Our first home - Erik, Jeff & Bizzy Orr on Coolwater DR in Goodyear, AZ in 2002.
Thinking of our lives through the years, I'm reminded of buying our first home in Goodyear, AZ back in 1999 - when Jeff was stationed at Luke Air Force Base. We used a VA Loan and our interest rate was around 8%.
This year mortgage rates have increased to between 4-5%, which feels like a big jump. But rates are still relatively low in the context of the the home loan industry. For a look at mortgage rates since 1971, click here:
FreddieMac.
Where are mortgage rates going this year?
From Time.com: "Mortgage Rates are forecasted to rise in April. Take advantage of the rates where they are now, experts say."
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