Mortgage rate forecast for August 2022: Rates react to recession unease

The dog days of summer have arrived, but what’s really got Americans barking up in protest isn’t the sweltering heat; it’s doggone inflation, and for borrowers, higher interest rates to go with it.

Last week, the Federal Reserve hiked the federal funds rate by 75 basis points for a second time. That could send mortgage rates back up in short order — or not. We consulted the pros to learn how current economic and housing market conditions could impact mortgages this month. READ MORE


Submit a Comment

Your email address will not be published. Required fields are marked *