Mortgage Rates Increased to 3.27% Last Week. Here’s What Experts Forecast Amid Rising Inflation and COVID Cases

Source: Next Advisor — 

Mortgage rates increased slightly by 0.01% last week to 3.27%, a movement consistent with what housing experts have been forecasting for months: Mortgage rates will rise in 2022. 

Rates have been moving up and down slightly amid growing concerns over record-high inflation and record-high COVID-19 cases. Mortgage rates have been at levels not seen since April 2021 in recent weeks.