mortgage interest rates forecast 2022

Interest rates had their biggest weekly decline in 41 years

after reaching a 20-year peak and rising beyond 7%.

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According to Freddie Mac, the average 30-year fixed rate mortgage

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decreased from 7.08% on November 10 to 6.61% on November 17.

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The third quarter of 2022 saw significant fluctuations in mortgage rates

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the typical 30-year fixed rate plummeted as low as 4.99% on

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August 4 before rising as high as 6.7% on September 29.

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This came after rise of 248 basis points (2.48%) in the first half of the year

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