Today’s mortgage and refinance rates: April 20, 2022 | Rising rates may cool demand

Will rising mortgage rates finally cool the white-hot housing market? Possibly — but that doesn’t mean affordability is going to get any better.

In its April forecast, Fannie Mae predicted that homebuying demand will slow over the next couple of years as would-be buyers opt to keep mortgages they got with much lower rates and first-time homebuyers are priced out of the market. READ MORE


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