[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2akzxpwpfbttv":3,"$ffeh0925h8cuz":51,"$fbwk2pqjjqsc7":55},{"item":4,"previous":39,"next":45},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":37,"updatedAt":38},3695,"experts-project-mortgage-rates-will-continue-to-rise-in-2022","Experts Project Mortgage Rates Will Continue To Rise in 2022","Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates have hit the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F10\u002F12\u002Fdont-wait-for-a-lower-mortgage-rate-it-could-cost-you\u002F\">lowest point\u003C\u002Fa> ever recorded, and they’ve hovered in the historic-low territory. But even over the past few weeks, \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F10\u002F05\u002Fthe-main-key-to-understanding-the-rise-in-mortgage-rates\u002F\">rates\u003C\u002Fa> have started to rise. This past week, the average 30-year fixed rate was \u003Ca href=\"https:\u002F\u002Ffreddiemac.gcs-web.com\u002Fnode\u002F23986\u002Fpdf\">3.14%\u003C\u002Fa>.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F29133859\u002F20211103-KCM-Share.jpg","Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates have hit the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F10\u002F12\u002Fdont-wait-for-a-lower-mortgage-rate-it-could-cost-you\u002F\">lowest point\u003C\u002Fa> ever recorded, and they’ve hovered in the historic-low territory. But even over the past few weeks, \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F10\u002F05\u002Fthe-main-key-to-understanding-the-rise-in-mortgage-rates\u002F\">rates\u003C\u002Fa> have started to rise. This past week, the average 30-year fixed rate was \u003Ca href=\"https:\u002F\u002Ffreddiemac.gcs-web.com\u002Fnode\u002F23986\u002Fpdf\">3.14%\u003C\u002Fa>.\u003C!--more-->\r\n\r\nWhat does this mean if you’re thinking about making a move? \u003Cstrong>Waiting until next year will cost you more in the long run\u003C\u002Fstrong>. Here’s a look at what several experts project for mortgage rates going into 2022.\r\n\u003Ch4>\u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Ffmac-resources\u002Fresearch\u002Fpdf\u002FQuarterly_Forecast_October2021_Press_Release.pdf\">\u003Cem>Freddie Mac\u003C\u002Fem>\u003C\u002Fa>:\u003C\u002Fh4>\r\n\u003Cblockquote>\u003Cem>“The average 30-year fixed-rate mortgage (FRM) is expected to be \u003Cstrong>3.0 percent in 2021 and 3.5 percent in 2022\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>Doug Duncan, Senior VP & Chief Economist, \u003Ca href=\"https:\u002F\u002Fwww.fanniemae.com\u002Fnewsroom\u002Ffannie-mae-news\u002Feconomic-growth-again-revised-downward-due-supply-chain-and-inflation-concerns\">\u003Cem>Fannie Mae\u003C\u002Fem>\u003C\u002Fa>:\u003C\u002Fh4>\r\n\u003Cblockquote>\u003Cem>“Right now, \u003Cstrong>we forecast mortgage rates to average 3.3 percent in 2022\u003C\u002Fstrong>, which, though slightly higher than 2020 and 2021, by historical standards remains extremely low and supportive of mortgage demand and affordability.” \u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Ca href=\"https:\u002F\u002Fwww.firstam.com\u002Fnews\u002F2021\u002Frising-rates-dull-house-buying-power-20211026.html\">\u003Cem>First American\u003C\u002Fem>\u003C\u002Fa>:\u003C\u002Fh4>\r\n\u003Cblockquote>\u003Cem>“Consensus forecasts predict that mortgage rates will hit \u003Cstrong>3.2 percent by the end of the year, and 3.7 percent by the end of 2022\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nIf rates rise even a half-point percentage over the next year, it will impact what you pay each month over the life of your loan – and that can really add up. So, the reality is, as \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F10\u002F19\u002Fwhat-does-the-future-hold-for-home-prices\u002F\">prices\u003C\u002Fa> and mortgage rates rise, it will cost more to purchase a home.\r\n\r\nAs you can see from the quotes above, industry experts project rates will rise in the months ahead. Here’s a table that compares other expert views and gives an average of those projections:\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F29133901\u002F20211103-MEM-Eng-1.png\">\u003Cimg class=\"aligncenter wp-image-45420\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F29133901\u002F20211103-MEM-Eng-1.png\" alt=\"Experts Project Mortgage Rates Will Continue To Rise in 2022 | Simplifying The Market\" width=\"650\" height=\"366\" \u002F>\u003C\u002Fa>Whether you’re thinking about buying your first home, moving up to your dream home, or downsizing because your needs have \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F09\u002F20\u002Fis-it-time-to-move-on-to-a-new-home\u002F\">changed\u003C\u002Fa>, purchasing before mortgage rates rise even higher will help you take advantage of today’s homebuying \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F10\u002F21\u002Fimportant-distinction-homes-are-less-affordable-not-unaffordable\u002F\">affordability\u003C\u002Fa>. That could be just the game-changer you need to achieve your homeownership goals.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you’re thinking of buying or selling over the next year, it may be wise to make your move sooner rather than later – before mortgage rates climb higher.","\r\nIf you’re thinking of buying or selling over the next year, it may be wise to make your move sooner rather than later – before mortgage rates climb higher.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F29133901\u002F20211103-MEM-Eng-1.png",false,[17,21,25,29,33],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},9,"Home Prices","home-prices",{"id":26,"name":27,"slug":28},11,"First-Time Buyers","first-time-buyers",{"id":30,"name":31,"slug":32},35,"Mortgage Rates","mortgage-rates",{"id":34,"name":35,"slug":36},38,"Move-Up","move-up","2021-11-03T10:00:29Z","2021-11-03T10:00:30Z",{"id":40,"slug":41,"title":42,"featuredImage":43,"publishedAt":44,"contentType":10,"isVideo":15},3694,"sellers-have-incredible-leverage-in-todays-market","Sellers Have Incredible Leverage in Today’s Market","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F10\u002F29121455\u002F20211102-KCM-Share.jpg","2021-11-02T10:00:38Z",{"id":46,"slug":47,"title":48,"featuredImage":49,"publishedAt":50,"contentType":10,"isVideo":15},3697,"why-a-wave-of-foreclosures-is-not-on-the-way","Why a Wave of Foreclosures Is Not on the Way","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F11\u002F01113159\u002F20211104-KCM-Share.jpg","2021-11-04T10:00:18Z",{"cover":52,"open":53,"shareSpread":54},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[56,60,61,65,69,73,74,75,79,80,81,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153,157],{"id":57,"name":58,"slug":59},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":62,"name":63,"slug":64},6,"For Sellers","sellers",{"id":66,"name":67,"slug":68},7,"Foreclosures","foreclosures",{"id":70,"name":71,"slug":72},8,"Infographics","infographics",{"id":22,"name":23,"slug":24},{"id":26,"name":27,"slug":28},{"id":76,"name":77,"slug":78},34,"Senior Market","senior-market",{"id":30,"name":31,"slug":32},{"id":34,"name":35,"slug":36},{"id":82,"name":83,"slug":84},41,"For Sale by Owner","for-sale-by-owner",{"id":86,"name":87,"slug":88},42,"Featured","featured",{"id":90,"name":91,"slug":92},45,"New Construction","new-construction",{"id":94,"name":95,"slug":96},52,"Luxury \u002F Vacation","luxury--vacation",{"id":98,"name":99,"slug":100},53,"Rent vs. Buy","rent-vs-buy",{"id":102,"name":103,"slug":104},80,"Time-sensitive","time-sensitive",{"id":106,"name":107,"slug":108},81,"Outdated","outdated",{"id":110,"name":111,"slug":112},147,"Internal","internal",{"id":114,"name":115,"slug":116},148,"Do Not Autopost","do-not-autopost",{"id":118,"name":119,"slug":120},320,"Inventory","inventory",{"id":122,"name":123,"slug":124},321,"Agent Value","agent-value",{"id":126,"name":127,"slug":128},322,"Affordability","affordability",{"id":130,"name":131,"slug":132},323,"Buying Tips","buying-tips",{"id":134,"name":135,"slug":136},324,"Downsize","downsize",{"id":138,"name":139,"slug":140},325,"Economy","economy",{"id":142,"name":143,"slug":144},326,"Equity","equity",{"id":146,"name":147,"slug":148},327,"Forecasts","forecasts",{"id":150,"name":151,"slug":152},328,"Selling Tips","selling-tips",{"id":154,"name":155,"slug":156},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":158,"name":159,"slug":160},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]