After two years of record lows, 30-year mortgage rates have surpassed 4% and appear to still be inching up. As the Federal Reserve works to get inflation under control, it’s likely that mortgage rates will remain elevated in 2022.

By historic standards, however, rates are still relatively low, meaning it may still be a good time to lock in a rate or consider refinancing, especially if you’re looking to tap into some of your home’s equity. READ MORE