“Mortgage rates jumped much quicker and much higher than even the most aggressive forecasts called for at the end of last year, …” Ali Wolf, Chief Economist, Zonda
“For the first time in more than a decade, the 30-year fixed mortgage rate hit 5 percent.” Kathy Orton, a report with The Washington Post
“… I expect the 30-year fixed mortgage rate to continue to rise, although we aren't likely to see the big jumps that occurred over the past few weeks.” Nadia Evangelou, Senior Economist and Director of Forecasting, NAR
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Sources used for data:
- https://www.washingtonpost.com/business/2022/04/14/mortgage-rates-soar-their-highest-levels-11-years/ https://www.builderonline.com/data-analysis/mortgage-rates-continue-climbing-while-applications-decrease-in-latest-weekly-surveys_o