What’s Behind the Fed’s Decision to Raise Interest Rates?
April 2010 was the last time the national mortgage interest rate sat above 5%. Since that time, the rates have dropped to historic lows, reaching its all-time low of 2.68% in December 2020. But since that landmark was reached, the interest rate has slowly but surely inched its way closer to 4% and if the experts are right, we could very well see interest rates higher than that by year’s end.
This has left many wondering why the Fed is choosing now to change course and start increasing interest rates. Here’s the basics of what we know, so you can speak with your mortgage lender from an informed position, and receive proper guidance and advice as we progress through 2022. more “2022 Mortgage Interest Rates: Examining the Fed’s Decision to Start Interest Rate Hikes”
