Interest Rates in 2022: Forecasting Mortgage Interest Rates
Find out the current interest rates and how those rates might look in 30 days or even 90 days.
Mortgage Interest Rates Forecast 2022
30-year mortgage rates bottomed out at 2.65% in early 2022, but are anticipated to go up from here with a hopeful look at the current market conditions. You can still lock-in an incredibly historic-low rate now if you act fast!
See Current Mortgage Rates
Come Take Advantage Of Today’s Lowest Rates Before They Go Up!
Where Will Interest Rates Be In 2022?
According to Danielle Hale, the chief economist at Realtor.com, interest rates will remain fairly steady at the current 2.7% during the first half of the year and then gradually increase if the COVID 19 vaccine is effective.
Will Interest Rates Go Up In 2022?
With most lenders anticipating financial recovery after the pandemic, interest rates are expected to rise. A 10-year mortgage plan by the Treasury is expected to rise to up to 1.5%.
Will Mortgage Rates Go Down In 2022?
It is improbable that mortgage rates will go down in 2022. With the pandemic slowly fading, income rates are expected to increase, thus lifting existing limitations to keep mortgage interest rates low.
2022 VA Disability Rates
Can You Get Approved For A Mortgage Loan?
Each year we help Veterans with their questions about VA Loans. If you would like to know more about the 2022 VA Disability Rates, give us a call or contact one of our representatives today to discuss the rates.
Mortgage Rate Forecast 2022
Mortgage rate forecasts can often be hard to predict given the number of factors that go into them. However, at Spire Financial, our forecasts continue to help our customers make future decisions regarding their loans and financial decisions.
Let's Connect To Get You The Mortgage Services You Need
We'll get in touch soon.
HAVE A FEW MORE QUESTIONS?
Our Loan Experts Can Help
Can You Get A Home Loan With Bad Credit?
Yes, it is possible to get a home loan even with bad credit. However, it is important to keenly compare mortgage terms. The lower your credit score, the worse rates you’ll get, which will increase your monthly payment and lower your amount of loan you can qualify for.
How To Qualify For A Home Loan With Bad Credit?
Typically your best bet for getting approved for a loan with bad credit is the FHA loan. FHA loans require a 580 credit score to qualify for a 3.5% down payment. You can also qualify for an FHA loan if you make at least a 10% down payment when you have bad credit in order to qualify for a home loan.
How To Refinance A Home Loan With Bad Credit?
There are a few options to refinance a home loan when you have bad credit, one of the ways is getting an FHA streamline refinance (if you already have an FHA loan on your home) which can help you lower your monthly payment. This streamline refinance allows you to improve your rate and payment with little documentation and typically no need for an appraisal.
What Is The Best Home Loan For Bad Credit?
Typically, an FHA loan is the best loan for bad credit. FHA loan rates are not as sensitive to credit scores as a Conventional loan and the mortgage insurance does not go up for worse scores like a Conventional loan’s MI does.
Do You Need Good Credit For A Home Equity Loan?
Most home equity lenders require good credit when applying for a home equity loan. However, it is not always required to have good credit in order to secure a home equity loan. A good FICO credit score, however, raises your chances of getting a home equity loan.
Spire Financial brings lending expertise to you. All of our loan officers offer personalized communication for every client, guiding them through the process. We can show you ways to maximize your finances and unlock future opportunities. Spire Financial keeps you in control of refinancing, debt consolidation, and home equity. Together, we can achieve your financial goals.