Mortgage Rates Approach 5% as Fed Tightens and Inflation rattles bond Markets by Forbes

US Mortgage rates approached 5%, the highest daily avg in 4 years, as the war worsened inflation fears and the Fed ended a 2-year emergency program.
The average locked 30-year Fixed-Rate Mortage to 4.87%, the highest since late 2018, after a .33 pp in a week.
The pace of mortgage rate increases already has surpassed the outlook of all the major housing forecasters.
The average rate for a 30-year Fixed-Rate Mortgage hit a 4 year high on March 27, 2022, up 1.5 pp from the start of the year.
The implications of Russia's invasion of Ukraine for the US economy are highly uncertain.

Richard Stewart is the Principal Associate Real Estate Broker at REO Specialists llc in Kalamazoo Michigan. 269-345-7000