Love Your Hood

January 2022 Real Estate Finance News Recap

+ Most mortgage rates stayed flat the last week of January after a month-long rise. 30-year fixed-rate mortgages are sitting at 3.55% for the week ending 1/27/22.

+ The Fed has said they will raise interest rates in March, but want to keep options open with uncertainty surrounding inflation and the pandemic.

+ Rates on 10-year fixed mortgages dropped a quarter of a percent to 2.625%, making it the best deal if you can swing the short time frame.

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