{"id":19824,"date":"2021-12-21T13:17:27","date_gmt":"2021-12-21T13:17:27","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=19824"},"modified":"2021-12-21T13:17:27","modified_gmt":"2021-12-21T13:17:27","slug":"mortgage-rates-climb-after-feds-rate-announcement","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/mortgage-rates-climb-after-feds-rate-announcement\/","title":{"rendered":"Mortgage Rates Climb After Fed\u2019s Rate Announcement"},"content":{"rendered":"

Mortgage Rates Climb After Fed\u2019s Rate Announcement<\/h1>\n
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Mortgage rates rose this week after the Federal Reserve announced it would accelerate its bond tapering and that three rate hikes would come in 2022<\/a>. The 30-year fixed-rate mortgage rose to 3.12% this week, Freddie Mac reports.<\/p>\n

Rates are largely expected to continue to rise due to the Fed\u2019s recent announcement. But National Association of REALTORS\u00ae Senior Economist Nadia Evangelou says home buyers shouldn\u2019t panic. By historical standards, mortgage rates will remain low and under 4% over the next year. In 1980, the average 30-year fixed-rate mortgage was 13.7% and 8% in 2000.<\/p>\n

This week \u201cmortgage rates inched up as a result of economic improvement and a shift in monetary policy guidance,\u201d says Sam Khater, Freddie Mac\u2019s chief economist. \u201cWhile house price growth is slowing, prices remain high due to solid housing demand and low supply. We expect rates to continue to increase into 2022 which may leave some potential home buyers with less room in their budgets on the sideline.\u201d<\/p>\n

Freddie Mac reports the following national averages with mortgage rates for the week ending Dec. 16:<\/p>\n