Source: Bankrate —
Mortgage rates are rebounding after dropping at the onset of the war in Ukraine. In other news, fintech companies are offering new ways to tap home equity, and new condo mortgage rules are causing a stir.
1. Mortgage rates jump back up
Bankrate’s weekly survey of large lenders reports that the average rate on 30-year mortgages rose to 4.14 percent from 3.97 percent last week. Rates are expected to climb higher; nearly everyone predicts that the Fed will raise interest rates to respond to surging inflation.
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