What Is Happening to Interest Rates for 2022?

The cost of lending is rising as mortgage rates continue to shoot up—and that will impact the bottom lines of homeowners and borrowers alike. Mortgage rates jumped 1.5 percentage points during the first three months of the year, the biggest quarterly climb in 28 years. So folks who are hoping for rates to fall may be waiting for a while. Episode 46 dives into the interest rates and helps you understand exactly whats going on!

 

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