Mortgage Rates Trend Up
February 23, 2023
The economy continues to show strength, and interest rates are repricing to account for the stronger than expected growth, tight labor market and the threat of sticky inflation. Our research shows that rate dispersion increases as mortgage rates trend up. This means homebuyers can potentially save $600 to $1,200 annually by taking the time to shop among lenders to find a better rate.
Below are the Historical Highs and Lows
On October 21, 1981 the survey said 18.39% on a 30-Yr FRM
On December 24, 2020 the survey said 2.66% on a 30-Yr FRM
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