Today’s mortgage and refinance rates: April 24, 2022

Federal Reserve Chair Jerome Powell confirmed last Thursday that the central bank will consider a larger than usual rate hike at its May meeting, which means mortgage rates are likely to remain elevated.

“I believe the rates being above 5% will become a norm, and I don’t see a significant downward movement in the near future,” says Ralph DiBugnara, president of Home Qualified and senior vice president of Cardinal Financial. READ MORE


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