Mortgage Rates Hit 6.3%–The Real Cost to Buy a House Has Officially Spiked Over 50% in Just 6 Months
Forbes magazine, June 15, 2022–Lance Lambert
Heading into the year, Fannie Mae predicted that the average 30-year fixed mortgage rate would climb from 3.1% to 3.3% by the end of 2022. The Mortgage Bankers Association was a bit more bullish for mortgage rates, predicting the average rate would rise to 4% by the end of 2022.
https://fortune.com/2022/06/15/mortgage-rates-spike-housing-market-real-cost-to-buy-a-home-jumps-50-percent/