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Mortgage Interest Rates

Updated: Jun 14, 2023

Mortgage interest rates have recently been making waves in the housing market, with the rates more than doubling in less than a year's time. Many as of 10/27/22 project that they'll go up further, but opinions on the subject vary greatly. Here I wanted to share multiple projections by the experts, my opinion, and some of the influencing contributing factors involved.



Image courtesy Freddie Mac



To see a chart including ARMs, go here.


Mortgage Rates 137.6% increase in under 1 year

Mortgage Rates haven't been this high in over 2 decades, but rates have been much higher before

Why rates are up: The Inflation Factor

Why rates are up: The 10 year U.S. Treasury Note Yield

The Federal Funds Rate's Impact on Mortgage Rates & Projections from the Fed

What will happen when rates do go down?

Problems with Googling "where will mortgage rates go"

Will Rates Go Down? Projections From Various Sources as of 10/27/22

Word on the Housing Market

I can no longer afford what I wanted. What should I do?

What all of this information as well as the housing market trends means for a sale

What all of this information as well as the housing market trends means for a purchase with no sale involved

Recent Inflation Rates:









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