Bruce Erickson

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Over fifteen years of real estate experience in Minneapolis ans surrounding communities.

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Mortgage Rates Continue to Jump

February 17, 2022 by nimdaerickson

February 17, 2022
Mortgage rates jumped again due to high inflation and stronger than expected consumer spending. The 30-year fixed-rate mortgage is nearing four percent, reaching highs we have not seen since May 2019. As rates and house prices rise, affordability has become a substantial hurdle for potential homebuyers, especially as inflation threatens to place a strain on consumer budgets.

Information provided by Freddie Mac.

Filed Under: Interest Rates

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