Love Your Hood

December 2021 Real Estate Finance News Recap

+ Omicron has had little effect on mortgage rates, as rates have moved sideways despite increases in COVID cases.

+ 30-Year mortgage rates hovered around 3.11% at the end of 2021.

+ Rates are expected to rise to 4.0% in 2022. That’s an increase of $50 per month for every $100K borrowed compared to today’s rates.

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