February 2022 Interest Rates

February 17, 2022

February 2022 Interest Rates Untitled Design 2022 02 16T104134.246

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See the following update for February from the mortgage and real estate expert, Holden Lewis. Pay close attention, as these updates are directly related to how building your home sooner, rather than later, could be the best move for you!

“On Wednesday, Feb. 16, 2022, the average interest rate on a 30-year fixed-rate mortgage rose two basis points to 4.052% APR. The average rate on a 15-year fixed-rate mortgage fell seven basis points to 3.21% APR and the average rate on a five-year adjustable-rate mortgage dropped 16 basis points to 3.069% APR, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is two basis points higher than one week ago and 119 basis points higher than one year ago. A basis point is one one-hundredth of one percent. Rates are expressed as an annual percentage rate, or APR.”
Holden Lewis

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